Nicholas Konat - Mar 19, 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
President & COO
Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Nicholas Konat
Stock symbol
SFM
Transactions as of
Mar 19, 2024
Transactions value $
$0
Form type
4
Date filed
3/21/2024, 08:23 PM
Previous filing
Mar 18, 2024
Next filing
Mar 26, 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 Award $0 +3.77K +3.41% $0.00 114K Mar 19, 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) Award $0 +9.88K $0.00 9.88K Mar 19, 2024 Common Stock, par value $0.001 per share 9.88K $61.15 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vesting on March 19, 2025; one-third vesting on March 19, 2026; and one-third vesting on March 19, 2027, assuming continued employment through the applicable vest date.
F2 Includes, in addition to the 3,767 shares described in Note (1), 3,410 shares of common stock and 107,164 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 75,714 restricted stock units vested on March 21, 2024, 26,822 restricted stock units will vest on March 21, 2025, and 4,628 restricted stock units will vest evenly over two years on March 14, 2025 and March 14, 2026, assuming continued employment through the applicable vest date.
F3 These options become exercisable over three years, with one-third vesting on March 19, 2025; one-third vesting on March 19, 2026; and the remaining one-third vesting on March 19, 2027, assuming continued employment through the applicable vest date.