Stacy W. Hilgendorf - Feb 29, 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
VP, Controller
Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Stacy W. Hilgendorf
Stock symbol
SFM
Transactions as of
Feb 29, 2024
Transactions value $
-$160,523
Form type
4
Date filed
3/1/2024, 06:02 PM
Previous filing
Sep 14, 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 $74.4K +3.05K +26.56% $24.42 14.5K Feb 29, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$235K -3.77K -25.99% $62.26 10.7K Feb 29, 2024 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 -3.05K -50.01% $0.00 3.05K Feb 29, 2024 Common Stock, par value $0.001 per share 3.05K $24.42 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 $62.22 to $62.265 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 1,904 shares of common stock and 8,844 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,024 restricted stock units will vest on March 16, 2024, 3,180 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 4,640 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 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.