Timmi Zalatoris - Aug 10, 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Timmi Zalatoris
Stock symbol
SFM
Transactions as of
Aug 10, 2023
Transactions value $
-$274,005
Form type
4
Date filed
8/11/2023, 07:00 PM
Previous filing
Mar 17, 2023
Next filing
Mar 18, 2024

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 $212K +12.9K +87.16% $16.47 27.6K Aug 10, 2023 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$486K -12.9K -46.57% $37.76 14.8K Aug 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 -12.9K -20% $0.00 51.5K Aug 10, 2023 Common stock, par value $0.001 per share 12.9K $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 $37.635 to $37.92 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 9,427 shares of common stock and 5,342 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 594 restricted stock units will vest on March 16, 2024, 1,551 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 3,197 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.
F3 All such options are presently exercisable.