Konat Nicholas 4

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.