Lawrence Molloy - 10 Nov 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Reporting relationship: Chief Financial Officer
Issuer ticker: SFM
Reported as of: 10 Nov 2023
Net transaction value: -$4,182,976
SEC form: 4
Accepted by SEC: 13 Nov 2023, 18:05:15 UTC
Prior SEC filing: 22 Sep 2023
Next SEC filing: 29 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Lawrence Molloy

Key filing fact

Lawrence Molloy filed Form 4 for Sprouts Farmers Market, Inc. (SFM) on 13 Nov 2023.

Key facts

This page summarizes Lawrence Molloy's Form 4 filing for Sprouts Farmers Market, Inc. (SFM).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 13 Nov 2023, 18:05.

Change

Previous filing in this sequence was filed on 22 Sep 2023.
Current net transaction value: -$4,182,976.

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

Sale

Transaction value: $4,182,976
Shares: -102,742
Change %: -88%
Price: $40.71
Shares after: 14,460
Date: 10 Nov 2023
Ownership: Direct
Footnotes: F1, F2, F3

^* 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 3 footnotes

Footnote F1

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

Footnote F2

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.47 to $40.87 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 F3

Includes 14,460 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 6,034 restricted stock units will vest over two years, with one-half vesting on March 15, 2024 and one-half vesting on March 15, 2025 and 8,426 restricted stock units will vest over three years, with one-third vesting on March 14, 2024, one-third vesting on March 14, 2025 and one-third vesting on March 14, 2026. All such vests assume continued employment through the applicable vest date.