Jack Sinclair - Mar 14, 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
Chief Executive Officer, Director
Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Jack L. Sinclair
Stock symbol
SFM
Transactions as of
Mar 14, 2023
Transactions value $
$0
Form type
4
Date filed
3/15/2023, 09:00 PM
Previous filing
Mar 10, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SFM Common Stock, par value $0.001 per share Award $0 +87.4K +30.03% $0.00 378K Mar 14, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SFM Stock Option (right to buy) Award $0 +89.1K $0.00 89.1K Mar 14, 2023 Common stock, par value $0.001 per share 89.1K $32.95 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with 64,256 vesting on March 14, 2024; 11,556 vesting on March 14, 2025; and 11,556 vesting on March 14, 2026, assuming continued employment through the applicable vest date.
F2 Includes, in addition to the 87,368 shares described in Note (1), 230,108 shares of common stock and 60,820 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 27,512 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 33,308 restricted stock units will vest evenly over three years on March 15, 2023, March 15, 2024 and March 15, 2025. All such vests assume continued employment through the applicable vest dates.
F3 These options become exercisable over three years, with one-third vesting on March 14, 2024; one-third vesting on March 14, 2025; and the remaining one-third vesting on March 14, 2026, assuming continued employment through the applicable vest date.