Brandon F. Lombardi - 01 Aug 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: Chief Legal Officer
Signature: /s/ Brandon F. Lombardi
Issuer symbol: SFM
Transactions as of: 01 Aug 2024
Net transactions value: -$495,825
Form type: 4
Filing time: 02 Aug 2024, 18:10:37 UTC
Previous filing: 08 May 2024
Next filing: 19 Mar 2025
SEC: View on sec.gov

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	$121,600	+3,864	+64%	$31.47	9,916	01 Aug 2024	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Options Exercise	$109,756	+3,331	+34%	$32.95	13,247	01 Aug 2024	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Sale	$727,181	-7,195	-54%	$101.07	6,052	01 Aug 2024	Direct	F1

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	-3,864	-50%	$0.000000	3,864	01 Aug 2024	Common Stock, par value $0.001 per share	3,864	$31.47	Direct	F2
transaction	SFM	Stock Option (right to buy)	Options Exercise	$0	-3,331	-33%	$0.000000	6,661	01 Aug 2024	Common Stock, par value $0.001 per share	3,331	$32.95	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 6,052 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 vest on March 15, 2025, 2,592 restricted stock units will vest evenly over two years on March 14, 2025 and March 14, 2026 and 2,109 restricted stock units will vest evenly over three years on March 19, 2025, March 19, 2026 and March 19, 2027. All such vests assume continued employment through the applicable vest date.
F2	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.
F3	The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable over two years, with one-half vesting on March 14, 2025 and one half vesting on March 14, 2026, assuming continued employment through the applicable vest date.