4//SEC Filing
Sanders Dan J 4
Accession 0001209191-23-020113
CIK 0001575515other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 7:36 PM ET
Size
22.2 KB
Accession
0001209191-23-020113
Insider Transaction Report
Form 4
Sanders Dan J
Chief Operations Officer
Transactions
- Sale
Common Stock, par value $0.001 per share
2023-03-20$32.56/sh−40,452$1,317,056→ 8,241 total - Exercise/Conversion
Stock Option (right to buy)
2023-03-20−7,850→ 0 totalExercise: $16.47Exp: 2027-03-09→ Common stock, par value $0.001 per share (7,850 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2023-03-20$31.47/sh+3,827$120,436→ 48,693 total - Exercise/Conversion
Stock Option (right to buy)
2023-03-20−5,107→ 5,107 totalExercise: $24.42Exp: 2028-03-16→ Common stock, par value $0.001 per share (5,107 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2023-03-20$16.47/sh+7,850$129,289→ 39,759 total - Sale
Common Stock, par value $0.001 per share
2023-03-17$32.96/sh−726$23,929→ 31,909 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2023-03-20$24.42/sh+5,107$124,713→ 44,866 total - Sale
Common Stock, par value $0.001 per share
2023-03-16$33.13/sh−567$18,785→ 32,635 total - Exercise/Conversion
Stock Option (right to buy)
2023-03-20−3,827→ 7,653 totalExercise: $31.47Exp: 2029-03-15→ Common stock, par value $0.001 per share (3,827 underlying)
Footnotes (8)
- [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]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.13 to $33.255 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.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.8601 to $32.96 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.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.50 to $32.61 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.
- [F5]Includes 8,241 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,715 restricted stock units will vest on March 16, 2024, 2,676 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 3,850 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 dates.
- [F6]All such options are presently exercisable.
- [F7]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.
- [F8]The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable evenly over two years on March 15, 2024 and March 15, 2025.
Documents
Issuer
Sprouts Farmers Market, Inc.
CIK 0001575515
Entity typeother
Related Parties
1- filerCIK 0001686510
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 7:36 PM ET
- Size
- 22.2 KB