Jack L. Sinclair - 15 Mar 2025 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 Mar 2025, 20:29:52 UTC
Prior SEC filing
07 Feb 2025
Next SEC filing
20 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Jack L. Sinclair

Key filing fact

Jack L. Sinclair filed Form 4 for Sprouts Farmers Market, Inc. (SFM) on 19 Mar 2025.

Key facts

  • This page summarizes Jack L. Sinclair's Form 4 filing for Sprouts Farmers Market, Inc. (SFM).
  • 4 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 19 Mar 2025, 20:29.

Change

  • Previous filing in this sequence was filed on 07 Feb 2025.
  • Current net transaction value: -$7,666,484.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SFM transaction

Common Stock, par value $0.001 per share

Award

Transaction value
$0
Shares
+98,593
Change %
+70%
Price
$0.000000
Shares after
239,347
Date
15 Mar 2025
Ownership
Direct
Footnotes
F1
SFM transaction

Common Stock, par value $0.001 per share

Sale

Transaction value
$6,856,983
Shares
-49,898
Change %
-21%
Price
$137.42
Shares after
189,449
Date
17 Mar 2025
Ownership
Direct
Footnotes
F2
SFM transaction

Common Stock, par value $0.001 per share

Sale

Transaction value
$400,764
Shares
-2,915
Change %
-1.5%
Price
$137.48
Shares after
186,534
Date
18 Mar 2025
Ownership
Direct
Footnotes
F3, F4
SFM transaction

Common Stock, par value $0.001 per share

Sale

Transaction value
$408,737
Shares
-2,915
Change %
-1.6%
Price
$140.22
Shares after
183,619
Date
19 Mar 2025
Ownership
Direct
Footnotes
F3, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

On March 15, 2022, the reporting person was granted performance share awards covering 66,617 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of 2024 performance goals as certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria for fiscal 2024 by the Issuer's compensation committee at the 148% performance level, 98,593 shares vested on March 15, 2025.

Footnote F2

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 and performance share awards, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.

Footnote F3

This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

Footnote F4

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.94 to $139.285 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.

Footnote F5

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.23 to $142.035 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.

Footnote F6

Includes 156,869 shares of common stock and 26,750 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 11,556 restricted stock units will vest on March 14, 2026 and 15,194 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027. All such vests assume continued employment through the applicable vest date.

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