Jill Sutton - 25 Sep 2021 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Role: Chief Legal Officer, GC, Sec.
Signature: /s/ Jody Hyvarinen, Power-of-Attorney, in fact
Issuer symbol: UNFI
Transactions as of: 25 Sep 2021
Transactions value $: -$37,670
Form type: 4
Filing time: 28 Sep 2021, 17:43:14 UTC
Previous filing: 18 May 2021
Next filing: 08 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNFI	Common Stock	Options Exercise	$0	+2.43K	+9.17%	$0.00	28.9K	25 Sep 2021	Direct	F1, F2, F3
transaction	UNFI	Common Stock	Tax liability	-$27.3K	-738	-2.55%	$37.04	28.2K	25 Sep 2021	Direct
transaction	UNFI	Common Stock	Options Exercise	$0	+917	+3.25%	$0.00	29.1K	25 Sep 2021	Direct	F2, F3, F4
transaction	UNFI	Common Stock	Tax liability	-$10.3K	-279	-0.96%	$37.04	28.8K	25 Sep 2021	Direct

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	UNFI	Restricted Stock Unit	Options Exercise	$0	-2.43K	-50%	$0.00	2.43K	25 Sep 2021	Common Stock	2.43K		Direct	F5, F6
transaction	UNFI	Restricted Stock Unit	Options Exercise	$0	-917	-49.97%	$0.00	918	25 Sep 2021	Common Stock	917		Direct	F5, F7

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

Explanation of Responses:

Id	Content
F1	On September 25, 2021, 2,430 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 738 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2	Pursuant to the Company's Equity Grant and Settlement Policy, vested shares will not be delivered to the reporting person until the Company's trading window opens.
F3	RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
F4	On September 25, 2021, 917 RSUs vested. The Company retained 279 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F5	Each RSU represents the right to receive one share of the Company's common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
F6	This RSU award was granted on September 25, 2018 and vests in four equal annual installments beginning on the on the first anniversary of the date of grant. This Form 4 reflects the vesting of this RSU on September 25, 2021 as to 75% of the original grant amount.
F7	This RSU award was granted on December 11, 2018 and vests in four equal annual installments beginning on September 25, 2019. This Form 4 reflects the vesting of this RSU on September 25, 2021 as to 75% of the original grant amount.