Zalatoris Timmi 4

What Happened

• Timmi Zalatoris, Chief Human Resources Officer of Sprouts Farmers Market (SFM), received equity awards and executed a small sale tied to tax withholding. On 2026-03-12 Zalatoris was granted 1,908 restricted stock units (RSUs) and 4,618 derivative awards (options/other equity) (both reported at $0 acquisition price). On 2026-03-13 she sold 104 shares in an open-market/broker-assisted transaction at $79.38 per share, generating about $8,255. The sale was to satisfy tax withholding on the RSU vest and was not a discretionary trade.

Key Details

• Transaction dates/prices:
  • 2026-03-12: Awarded 1,908 RSUs (grant value reported $0) and 4,618 derivative awards (reported $0).
  • 2026-03-13: Sold 104 shares at $79.38 each — proceeds ~$8,255.
• Shares/holdings after the report (per filing footnote):
  • 11,039 shares of common stock (owned)
  • 1,908 newly granted RSUs (unvested)
  • 2,120 previously granted RSUs (unvested)
  • 4,618 derivative awards/options (unexercised)
• Notable footnotes:
  • F1: The 1,908 RSUs vest one-third each year on March 12 of 2027, 2028 and 2029 (requires continued employment).
  • F2: The 104-share sale was broker-assisted to satisfy tax withholding on vested RSUs and is not a discretionary sale.
  • F3/F4: Additional detail on existing RSUs/options and their vesting schedules (some RSUs vest March 19 dates; options vest one-third annually on March 12, 2027–2029).
• Filing timeliness: Report filed 2026-03-16 for transactions dated 2026-03-12 — filed within the standard two business-day window.

Context

• RSU grants are retention/compensation awards that vest over time; they do not represent immediate cash unless vested and settled. The small sale here was tax-related (routine) rather than an investment decision signal. The derivative awards (4,618) appear to be options that vest over three years and would only convert to shares upon exercise and fulfillment of plan terms.