Hurley Joseph L 4

What Happened Joseph L. Hurley, Chief Supply Chain Officer of Sprouts Farmers Market (SFM), sold 323 shares of common stock in an open-market/broker-assisted transaction on March 20, 2026. The shares were sold at $83.97 each for total proceeds of $27,123. This sale was a broker-assisted disposition to satisfy withholding taxes tied to the vesting of restricted stock units and is not reported as a discretionary trade by the reporting person.

Key Details

• Transaction date and price: March 20, 2026 — 323 shares sold at $83.97 per share (total $27,123).
• Transaction type: Sale (Code S) via broker-assisted tax-withholding (see footnote F1 — tax withholding, not a discretionary sale).
• Shares/units owned after transaction: Filing reports 22,434 shares of common stock and 5,848 restricted stock units (RSUs) remaining (see footnote F2).
• RSU vesting schedule (per footnote F2): 736 RSUs vest Mar 19, 2027; 1,295 RSUs vest evenly on Mar 12, 2027 & Mar 12, 2028; 3,817 RSUs vest evenly on Mar 12, 2027, Mar 12, 2028 & Mar 12, 2029. All vests assume continued employment.
• Filing timeliness: Form 4 filed Mar 23, 2026 (within the SEC’s two-business-day filing window), so the report was timely.

Context This sale appears to be a routine, non-discretionary broker-assisted sale to cover tax withholding arising from RSU vesting (i.e., a common administrative transaction). Such withholding sales do not necessarily indicate the insider’s view on the company’s outlook. RSUs are contingent awards that convert to shares upon vesting; the footnote details the remaining unvested schedule.