Brandon F. Lombardi - Mar 16, 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: Chief Legal Officer
Signature: /s/ Brandon F. Lombardi
Stock symbol: SFM
Transactions as of: Mar 16, 2023
Transactions value $: -$102,076
Form type: 4
Date filed: 3/17/2023, 08:00 PM
Previous filing: Mar 15, 2023
Next filing: May 5, 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	-$44.8K	-1.35K	-4.57%	$33.13	28.3K	Mar 16, 2023	Direct	F1
transaction	SFM	Common Stock, par value $0.001 per share	Sale	-$57.3K	-1.74K	-6.15%	$32.96	26.5K	Mar 17, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	A portion of 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	Includes 18,189 shares of common stock and 8,328 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,738 restricted stock units will vest on March 16, 2024, 2,702 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 3,888 restricted stock units will vest evenly over three years on March 14, 2024, March 14, 2025 and March 14, 2026. All such vests assume continued employment through the applicable vest date.

Content

A portion of 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.

Includes 18,189 shares of common stock and 8,328 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,738 restricted stock units will vest on March 16, 2024, 2,702 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 3,888 restricted stock units will vest evenly over three years on March 14, 2024, March 14, 2025 and March 14, 2026. All such vests assume continued employment through the applicable vest date.