Brandon F. Lombardi - Aug 1, 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
Chief Legal Officer
Signature
/s/ Brandon F. Lombardi
Stock symbol
SFM
Transactions as of
Aug 1, 2024
Transactions value $
-$495,825
Form type
4
Date filed
8/2/2024, 06:10 PM
Previous 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 Options Exercise $122K +3.86K +63.85% $31.47 9.92K Aug 1, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $110K +3.33K +33.59% $32.95 13.2K Aug 1, 2024 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$727K -7.2K -54.31% $101.07 6.05K Aug 1, 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 -3.86K -50% $0.00 3.86K Aug 1, 2024 Common Stock, par value $0.001 per share 3.86K $31.47 Direct F2
transaction SFM Stock Option (right to buy) Options Exercise $0 -3.33K -33.34% $0.00 6.66K Aug 1, 2024 Common Stock, par value $0.001 per share 3.33K $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.