Joseph L. Hurley - 27 Nov 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
Chief Supply Chain Officer
Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Joseph L. Hurley
Issuer symbol
SFM
Transactions as of
27 Nov 2023
Net transactions value
-$58,488
Form type
4
Filing time
28 Nov 2023, 18:05:09 UTC
Previous filing
17 Mar 2023
Next filing
12 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 $70,115 +2,228 +9.2% $31.47 26,457 27 Nov 2023 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $47,717 +1,954 +7.4% $24.42 28,411 27 Nov 2023 Direct
transaction SFM Common Stock, par value $0.001 per share Sale $176,320 -4,182 -15% $42.16 24,229 27 Nov 2023 Direct F1

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 -1,954 -50% $0.000000 1,953 27 Nov 2023 Common stock, par value $0.001 per share 1,954 $24.42 Direct F2
transaction SFM Stock Option (right to buy) Options Exercise $0 -2,228 -33% $0.000000 4,456 27 Nov 2023 Common stock, par value $0.001 per share 2,228 $31.47 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 16,611 shares of common stock and 7,618 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 656 restricted stock units will vest on March 16, 2024, 3,765 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.
F2 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.
F3 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.