Konat Nicholas 4

4 · Sprouts Farmers Market, Inc. · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 16, 2026

Sprouts (SFM) President & COO Nicholas Konat Receives RSUs, Sells 340

What Happened

Nicholas Konat, President & COO of Sprouts Farmers Market (SFM), received equity awards and had a small broker-assisted sale. On 2026-03-12 he was granted 7,155 restricted stock units (RSUs) and 17,315 derivative securities (stock options). On 2026-03-13 he sold 340 shares in an open-market, broker-assisted transaction at $79.38 each, generating $26,989 in proceeds. The RSU grant and option grant are awards (not open-market purchases); the sale was to cover tax withholding.

Key Details

Transactions/dates:
- 2026-03-12: Grant of 7,155 RSUs (price $0.00; award).
- 2026-03-12: Grant of 17,315 derivative securities (options; price $0.00; award).
- 2026-03-13: Sale of 340 shares at $79.38 (proceeds $26,989).
Shares beneficially owned after these transactions: 57,550 common shares (50,395 prior + 7,155 new), plus 4,940 existing RSUs, and 17,315 stock options.
Notable footnotes:
- F1: The 7,155 RSUs vest one-third each Mar 12 of 2027, 2028 and 2029 (subject to continued employment).
- F2: The 340-share sale was broker-assisted to satisfy withholding taxes on vested RSUs and was not a discretionary sale by the insider.
- F3: Holdings include 50,395 common shares and 4,940 RSUs (some of those RSUs vest on 3/19/2026 & 3/19/2027 and others on 3/12/2027 & 3/12/2028).
- F4: The 17,315 options vest one-third on each of Mar 12, 2027, 2028 and 2029 (subject to continued employment).
Filing timeliness: Report filed 2026-03-16 for transactions on 3/12–3/13; this meets the Form 4 two-business-day filing requirement.

Context

RSUs convert to shares upon vesting; the new RSUs and existing RSUs have multi-year vest schedules described above. The derivative grant represents options that vest over three years. The small sale was a routine, broker-assisted tax-withholding sale tied to equity vesting and should not be read as discretionary insider selling.

Form 4

Period: 2026-03-12

President & COO

Transactions

Award
Common Stock, par value $0.001 per share
[F1]
2026-03-12+7,155→ 62,830 total
Sale
Common Stock, par value $0.001 per share
[F2][F3]
2026-03-13$79.38/sh−340$26,989→ 62,490 total
Award
Stock Option (right to buy)
[F4]
2026-03-12+17,315→ 17,315 total
Exercise: $78.84Exp: 2033-03-12→ Common Stock, par value $0.001 per share (17,315 underlying)

Footnotes (4)

[F1]Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vesting on March 12, 2027; one-third vesting on March 12, 2028; and one-third vesting on March 12, 2029, assuming continued employment through the applicable vest date.
[F2]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.
[F3]Includes, in addition to the 7,155 shares described in Note (1), 50,395 shares of common stock and 4,940 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 2,511 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, and 2,429 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028. All such vests assume continued employment through the applicable vest date.
[F4]These options become exercisable over three years, with one-third vesting on March 12, 2027; one-third vesting on March 12, 2028; and the remaining one-third vesting on March 12, 2029, assuming continued employment through the applicable vest date.

Signature

/s/ Brandon F. Lombardi, Attorney-in-Fact for Nicholas Konat|2026-03-16

1 file