Lombardi Brandon F. 4
4 · Sprouts Farmers Market, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Sprouts (SFM) CLO Brandon Lombardi Sells 12,503 Shares
What Happened
Brandon F. Lombardi, Chief Legal Officer of Sprouts Farmers Market (SFM), sold a total of 12,503 shares in open-market/broker-assisted transactions on March 18–19, 2026 for aggregate proceeds of about $1,022,122. The sales break down as: 11,207 shares at $81.50 ($913,371) and 538 shares at $83.50 ($44,920) on 2026-03-18, and 758 shares at $84.21 ($63,831) on 2026-03-19. The filing identifies these as sales (code S); a filing footnote indicates the sales were broker-assisted to satisfy tax withholding upon RSU vesting and are not discretionary trades.
Key Details
- Transaction dates & prices: 2026-03-18 — 11,207 @ $81.50 and 538 @ $83.50; 2026-03-19 — 758 @ $84.21.
- Total shares sold: 12,503; approximate total proceeds: $1,022,122.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote F1: Sales were broker-assisted to cover withholding tax on vested restricted stock units (not a discretionary sale).
- Footnote F2: Reporting person holds/has rights to 7,504 restricted stock units (RSUs) with specified vesting schedules in 2026–2029, contingent on continued employment.
- Filing: Reported on 2026-03-19 for transactions through 2026-03-18/03-19 — appears timely.
Context
- These transactions were tax-withholding sales tied to RSU vesting (common practice), rather than independent, discretionary insider selling. Such sales usually reflect routine tax obligations rather than a deliberate market-timing decision.
- Code summary: S = sale; F (in footnote) indicates tax-withholding treatment.
- No inference about company prospects should be drawn solely from this routine withholding sale; purchases are generally more informative about insider bullishness.
Insider Transaction Report
- Sale
Common Stock, par value $0.001 per share
[F1]2026-03-18$83.50/sh−538$44,920→ 19,469 total - Sale
Common Stock, par value $0.001 per share
2026-03-18$81.50/sh−11,207$913,371→ 8,262 total - Sale
Common Stock, par value $0.001 per share
[F2]2026-03-19$84.21/sh−758$63,831→ 7,504 total
Footnotes (2)
- [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 7,504 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,406 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, 1,545 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 4,553 restricted stock units will vest evenly over three years on March 12, 2027, March 12, 2028 and March 12, 2029. All such vests assume continued employment through the applicable vest date.