Kim Coffin - May 10, 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Kim Coffin
Stock symbol
SFM
Transactions as of
May 10, 2023
Transactions value $
-$1,235,105
Form type
4
Date filed
5/11/2023, 07:00 PM
Previous filing
Mar 17, 2023
Next filing
Aug 31, 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 Options Exercise $1.02M +61.8K +756.74% $16.47 70K May 10, 2023 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$2.25M -61.8K -88.33% $36.46 8.17K May 10, 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) Options Exercise $0 -61.8K -100% $0.00* 0 May 10, 2023 Common stock, par value $0.001 per share 61.8K $16.47 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.34 to $36.67 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.
F2 Includes 1,975 shares of common stock and 6,190 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 703 restricted stock units will vest on March 16, 2024, 2,250 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 3,237 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 dates.
F3 All such options are presently exercisable.