David McGlinchey - 13 Mar 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: Chief Strategy Officer
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for David McGlinchey
Issuer symbol: SFM
Transactions as of: 13 Mar 2023
Transactions value $: -$712,629
Form type: 4
Filing time: 15 Mar 2023, 21:00:10 UTC
Previous filing: 10 Mar 2023
Next filing: 17 Mar 2023
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	Sale	-$713K	-21.6K	-50.11%	$32.96	21.5K	13 Mar 2023	Direct	F1
transaction	SFM	Common Stock, par value $0.001 per share	Award	$0	+3.89K	+18.06%	$0.00	25.4K	14 Mar 2023	Direct	F2, F3

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)	Award	$0	+9.99K		$0.00	9.99K	14 Mar 2023	Common stock, par value $0.001 per share	9.99K	$32.95	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.83 to $33.11 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.
F2	Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vesting on March 14, 2024; one-third vesting on March 14, 2025; and onethird vesting on March 14, 2026, assuming continued employment through the applicable vest date.
F3	Includes, in addition to the 3,888 shares described in Note (2), 14,099 shares of common stock and 7,430 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 3,376 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 4,054 restricted stock units will vest evenly over three years on March 15, 2023, March 15, 2024 and March 15, 2025. All such vests assume continued employment through the applicable dates.
F4	These options become exercisable over three years, with one-third vesting on March 14, 2024; one-third vesting on March 14, 2025; and the remaining one-third vesting on March 14, 2026, assuming continued employment through the applicable vest date.