Brandon F. Lombardi - Mar 15, 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi
Stock symbol
SFM
Transactions as of
Mar 15, 2024
Transactions value $
-$277,298
Form type
4
Date filed
3/18/2024, 09:13 PM
Previous filing
Feb 28, 2024
Next filing
Mar 21, 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 -$81K -1.3K -15.56% $62.47 7.03K Mar 15, 2024 Direct F1
transaction SFM Common Stock, par value $0.001 per share Sale -$196K -3.09K -43.93% $63.56 3.94K Mar 18, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of restricted stock units, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
F2 Includes 3,943 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,351 restricted stock units will on March 15, 2025 and 2,592 restricted stock units will vest evenly over two years on March 14, 2025 and March 14, 2026. All such vests assume continued employment through the applicable vest date.