Konat Nicholas 4

What Happened

• Nicholas Konat, President & COO of Sprouts Farmers Market (SFM), had 27,772 performance shares vest on March 14, 2026 (awarded at $0). Following the vesting, 10,123 shares were sold on March 16, 2026 in a broker-assisted transaction at $80.82 per share, generating proceeds of approximately $818,179. The award originated from a 2023 grant that vested at 200% of target performance for fiscal 2025.

Key Details

• Transaction dates and prices:
  • 2026-03-14: Award/vest — 27,772 shares acquired at $0.00 (vested performance shares).
  • 2026-03-16: Sale — 10,123 shares disposed at $80.82 each, proceeds ~$818,179.
• Reason for sale: Broker-assisted sale to satisfy withholding tax on the vested award (per footnote); not a discretionary open-market trade by the insider.
• Reported holdings (per filing): Includes 68,044 shares of common stock and 12,095 restricted stock units (RSUs).
• Filing: Form 4 filed 2026-03-17 reporting the March 14 and March 16 transactions; no late-filing indication in the report.

Context

• These were not purchases; the primary event was vesting of performance-based shares (grant made in 2023, paid at 200% of target). The partial sale was a standard tax-withholding sale rather than a directional bet on the stock. The remaining RSUs have scheduled vesting dates through 2029, assuming continued employment.