Kim Coffin - 30 Aug 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: SVP, Chief Forager
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Kim Coffin
Issuer symbol: SFM
Transactions as of: 30 Aug 2023
Net transactions value: -$143,277
Form type: 4
Filing time: 31 Aug 2023, 19:00:08 UTC
Previous filing: 11 May 2023
Next filing: 19 Mar 2024
SEC: View on sec.gov

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	$51,111	+2,093	+26%	$24.42	10,258	30 Aug 2023	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Options Exercise	$101,270	+3,218	+31%	$31.47	13,476	30 Aug 2023	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Sale	$295,659	-7,286	-54%	$40.58	6,190	30 Aug 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	-2,093	-50%	$0.000000	2,093	30 Aug 2023	Common stock, par value $0.001 per share	2,093	$24.42	Direct	F3
transaction	SFM	Stock Option (right to buy)	Options Exercise	$0	-3,218	-33%	$0.000000	6,435	30 Aug 2023	Common stock, par value $0.001 per share	3,218	$31.47	Direct	F4

* 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 $40.5601 to $40.61 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 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	The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable on March 16, 2024.
F4	The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable evenly over two years on March 15, 2024 and March 15, 2025.