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

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Lawrence Molloy
Issuer symbol
SFM
Transactions as of
16 Mar 2023
Net transactions value
-$38,399
Form type
4
Filing time
17 Mar 2023, 20:00:23 UTC
Previous filing
15 Mar 2023
Next filing
05 May 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 $38,399 -1,159 -0.48% $33.13 240,891 16 Mar 2023 Direct F1, F2, F3
* 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 $33.265 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 Includes 58,294 shares of common stock and 182,597 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 168,137 restricted stock units will vest on September 20, 2023, 6,034 restricted stock units will vest over two years, with one-half vesting on March 15, 2024 and one-half vesting on March 15, 2025 and 8,426 restricted stock units will vest over three years, with one-third vesting on March 14, 2024, one-third vesting on March 14, 2025 and one-third vesting on March 14, 2026. All such vests assume continued employment through the applicable vest date.