Lawrence Molloy - Nov 10, 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
Chief Financial Officer
Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Lawrence Molloy
Stock symbol
SFM
Transactions as of
Nov 10, 2023
Transactions value $
-$4,182,976
Form type
4
Date filed
11/13/2023, 06:05 PM
Previous filing
Sep 22, 2023
Next filing
Jan 29, 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 Sale -$4.18M -103K -87.66% $40.71 14.5K Nov 10, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted 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 $40.47 to $40.87 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 14,460 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 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.