Stacy W. Hilgendorf - 29 Feb 2024 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: VP, Controller
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Stacy W. Hilgendorf
Issuer symbol: SFM
Transactions as of: 29 Feb 2024
Net transactions value: -$160,523
Form type: 4
Filing time: 01 Mar 2024, 18:02:39 UTC
Previous filing: 14 Sep 2023
Next filing: 18 Mar 2024
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	Options Exercise	$74,432	+3,048	+27%	$24.42	14,522	29 Feb 2024	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Sale	$234,955	-3,774	-26%	$62.26	10,748	29 Feb 2024	Direct	F1, F2

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)	Options Exercise	$0	-3,048	-50%	$0.000000	3,047	29 Feb 2024	Common Stock, par value $0.001 per share	3,048	$24.42	Direct	F3

* 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 $62.22 to $62.265 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	Includes 1,904 shares of common stock and 8,844 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,024 restricted stock units will vest on March 16, 2024, 3,180 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 4,640 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.
F3	The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable on March 16, 2024.