Scott Neal - 11 Aug 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for J. Scott Neal
Issuer symbol
SFM
Transactions as of
11 Aug 2023
Net transactions value
-$138,532
Form type
4
Filing time
11 Aug 2023, 19:00:16 UTC
Previous filing
17 Mar 2023
Next filing
16 Aug 2023

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 $138,532 -3,636 -7% $38.10 48,445 11 Aug 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
F2 Includes 35,771 shares of common stock and 12,674 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 2,195 restricted stock units will vest on March 16, 2024, 5,599 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 4,880 restricted stock units will vest evenly over three years on March 14, 2024, March 14, 2025 and March 14, 2026. All such vests assume continued employment through the applicable vest date.