Brandon F. Lombardi - Feb 26, 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi
Stock symbol
SFM
Transactions as of
Feb 26, 2024
Transactions value $
-$945,684
Form type
4
Date filed
2/28/2024, 06:11 PM
Previous filing
Dec 8, 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 $288K +12.5K +149.51% $23.12 20.8K Feb 26, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $253K +10.3K +49.8% $24.42 31.1K Feb 26, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$1.37M -22.8K -73.25% $59.98 8.33K Feb 26, 2024 Direct F1
transaction SFM Common Stock, par value $0.001 per share Options Exercise $122K +3.87K +46.41% $31.47 12.2K Feb 28, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$240K -3.87K -31.7% $62.21 8.33K Feb 28, 2024 Direct F2, F3

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 -12.5K -100% $0.00* 0 Feb 26, 2024 Common Stock, par value $0.001 per share 12.5K $23.12 Direct F4
transaction SFM Stock Option (right to buy) Options Exercise $0 -10.3K -66.67% $0.00 5.17K Feb 26, 2024 Common Stock, par value $0.001 per share 10.3K $24.42 Direct F5
transaction SFM Stock Option (right to buy) Options Exercise $0 -3.87K -33.34% $0.00 7.73K Feb 28, 2024 Common Stock, par value $0.001 per share 3.87K $31.47 Direct F6
* 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 $59.87 to $60.13 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.21 to $62.2101 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 8,328 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,738 restricted stock units will vest on March 16, 2024, 2,702 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 3,888 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.
F4 All such options are presently exercisable.
F5 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.
F6 The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable over two years, with one-half vesting on March 15, 2024 and one-half vesting on March 15, 2025, assuming continued employment through the applicable vest date.