Jack Sinclair - 16 Mar 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Jack L. Sinclair
Issuer symbol
SFM
Transactions as of
16 Mar 2023
Transactions value $
-$347,307
Form type
4
Filing time
17 Mar 2023, 20:00:22 UTC
Previous filing
15 Mar 2023
Next filing
22 Nov 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 Sale -$156K -4.7K -1.24% $33.13 374K 16 Mar 2023 Direct F1, F2
transaction SFM Common Stock, par value $0.001 per share Sale -$192K -5.81K -1.56% $32.96 368K 17 Mar 2023 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of restricted stock units, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.13 to $33.2447 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.83 to $32.96 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Includes 244,454 shares of common stock and 123,329 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 13,756 restricted stock units will vest on March 16, 2024, 22,205 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025, 64,256 restricted stock units will vest on March 14, 2024 and 23,112 restricted stock units will vest evenly over two years on March 14, 2025 and March 14, 2026. All such vests assume continued employment through the applicable vest date.