Kim Coffin - Mar 15, 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Kim Coffin
Stock symbol
SFM
Transactions as of
Mar 15, 2024
Transactions value $
-$367,962
Form type
4
Date filed
3/19/2024, 07:08 PM
Previous filing
Aug 31, 2023
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 -$21.9K -351 -5.67% $62.47 5.84K Mar 15, 2024 Direct F1, F2
transaction SFM Common Stock, par value $0.001 per share Sale -$32.2K -506 -8.67% $63.56 5.33K Mar 18, 2024 Direct F1, F3
transaction SFM Common Stock, par value $0.001 per share Options Exercise $51.1K +2.09K +39.25% $24.42* 7.43K Mar 18, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $101K +3.22K +43.33% $31.47 10.6K Mar 18, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $91.4K +2.77K +26.06% $32.95 13.4K Mar 18, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$512K -8.09K -60.25% $63.27 5.33K Mar 18, 2024 Direct F4
transaction SFM Common Stock, par value $0.001 per share Sale -$46.1K -728 -13.65% $63.34 4.61K Mar 18, 2024 Direct F5, F6

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 -2.09K -100% $0.00* 0 Mar 18, 2024 Common Stock, par value $0.001 per share 2.09K $24.42 Direct F7
transaction SFM Stock Option (right to buy) Options Exercise $0 -3.22K -50.01% $0.00 3.22K Mar 18, 2024 Common Stock, par value $0.001 per share 3.22K $31.47 Direct F8
transaction SFM Stock Option (right to buy) Options Exercise $0 -2.77K -33.34% $0.00 5.55K Mar 18, 2024 Common Stock, par value $0.001 per share 2.77K $32.95 Direct F9
* 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.47 to $63.10 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.53 to $63.59 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.245 to $63.321 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.34 to $63.355 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.
F6 Includes 1,322 shares of common stock and 3,283 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,125 restricted stock units will vest on March 15, 2025 and 2,158 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 dates.
F7 The reporting person is exercising options that are presently exercisable.
F8 The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable on March 15, 2025, assuming continued employment through such vest date.
F9 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 14, 2025 and March 14, 2026, assuming continued employment through the applicable vest date.