Lombardi Brandon F. 4

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.