Coffin Kim 4

What Happened

• Kim Coffin, SVP & Chief Forager at Sprouts Farmers Market (SFM), had 12,950 performance shares vest on March 14, 2026 (acquired at $0). Following the vesting, 3,766 shares were sold in a broker-assisted transaction on March 16, 2026 at $80.82 per share, generating proceeds of approximately $304,382. The sale was to satisfy withholding tax obligations and was not a discretionary trade.

Key Details

• Vesting/acquisition: 12,950 shares on 2026-03-14 (result of performance awards originally granted 2023-03-14 at target 6,475 shares; certified at 200% performance).
• Sale: 3,766 shares on 2026-03-16 at $80.82 (total ≈ $304,382); broker-assisted to cover tax withholding (footnote F2).
• Ownership after transactions: 17,433 shares of common stock and 6,679 restricted stock units (RSUs) (footnote F3).
• RSU vest schedule (per F3): 1,478 RSUs vest Mar 19, 2026 & Mar 19, 2027; 1,299 RSUs vest Mar 12, 2027 & Mar 12, 2028; 3,902 RSUs vest evenly over Mar 12, 2027–Mar 12, 2029. All assume continued employment.
• Filing: Form 4 filed 2026-03-17 reporting vesting (3/14) and sale (3/16).

Context

• The sale was a tax-withholding, broker-assisted disposition tied to the vesting of performance shares and explicitly noted as non-discretionary. Vesting of performance awards reflects achievement of company-set goals (awarded at target in 2023 and certified at 200% for 2025). Such tax-withholding sales are common and do not necessarily indicate a change in the insider’s view of the company.