Nicholas Konat - Mar 22, 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Nicholas Konat
Stock symbol
SFM
Transactions as of
Mar 22, 2024
Transactions value $
-$1,978,592
Form type
4
Date filed
3/26/2024, 07:08 PM
Previous filing
Mar 21, 2024
Next filing
May 8, 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 -$1.98M -31.8K -27.85% $62.13 82.5K Mar 22, 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 47,278 shares of common stock and 35,217 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 26,822 restricted stock units will vest on March 21, 2025, 4,628 restricted stock units will vest evenly over two years on March 14, 2025 and March 14, 2026, and 3,767 restricted stock units will vest evenly over three on March 19, 2025, March 19, 2026 and March 19, 2027, assuming continued employment through the applicable vest date.