McGlinchey David 4

What Happened

• David McGlinchey, Chief Development Officer of Sprouts Farmers Market (SFM), received a grant of 4,421 restricted stock units (RSUs) on 2026-03-12 (valued at $0 at grant). On 2026-03-13 he sold 240 shares in an open market/broker-assisted transaction at $79.38 per share for proceeds of about $19,051.
• The sale was executed to satisfy withholding tax obligations related to RSU vesting and, per the filing, was not a discretionary trade by the reporting person.

Key Details

• Transactions and prices:
  • 2026-03-12: Award (A) — 4,421 RSUs granted (no cash paid).
  • 2026-03-13: Sale (S) — 240 shares sold @ $79.38 = $19,051 (broker-assisted to cover tax withholding).
• Shares/units reported after the transactions: 30,730 shares of common stock plus 7,327 RSUs in total (4,421 newly granted RSUs + 2,906 previously reported RSUs).
• Vesting notes:
  • The 4,421 RSUs vest over three years: 1/3 on 3/12/2027, 1/3 on 3/12/2028, and 1/3 on 3/12/2029 (subject to continued employment).
  • Of the 2,906 prior RSUs: 1,406 vest evenly on 3/19/2026 and 3/19/2027; 1,500 vest evenly on 3/12/2027 and 3/12/2028.
• Filing: Form 4 filed with accession 0001747971-26-000002 on 2026-03-16 reporting the 3/12 and 3/13 transactions.

Context

• The grant is an award of RSUs (not an out-of-pocket purchase). The small sale (~$19k) was a routine, broker-assisted transaction for tax withholding upon RSU vesting and is not presented as a discretionary sell signal.
• For retail investors, the key takeaway is that McGlinchey received multi-year, time-based RSUs while a small number of shares were sold solely to meet tax-withholding obligations.