Sprouts Farmers Market (SFM) COO sells 952 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market President & COO Nicholas Konat reported an open-market sale of 952 shares of common stock at an average price of $83.4951 per share. According to the footnotes, this was a broker-assisted sale solely to cover withholding taxes from vested restricted stock units and was not a discretionary trade.
After this transaction, Konat directly holds 79,187 share-based interests, including 67,092 shares of common stock and 12,095 restricted stock units that vest over time, assuming continued employment through the applicable vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 952 shares ($79,487)
Net Sell
1 txn
Insider
Konat Nicholas
Role
President & COO
Sold
952 shs ($79K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 952 | $83.4951 | $79K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 79,187 shares (Direct)
Footnotes (1)
- This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of restricted stock units, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person. Includes 67,092 shares of common stock and 12,095 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 2,511 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, 2,429 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 7,155 restricted stock units will vest evenly over three years on March 12, 2027, March 12, 2028 and March 12, 2029. All such vests assume continued employment through the applicable vest date.
FAQ
What did SFM executive Nicholas Konat report in this Form 4?
Nicholas Konat reported selling 952 Sprouts Farmers Market shares at $83.4951 each. The sale was broker-assisted and executed to satisfy tax withholding obligations triggered by the vesting of restricted stock units under the company’s equity incentive plan.
What restricted stock units does Nicholas Konat have at Sprouts Farmers Market (SFM)?
Konat holds 12,095 restricted stock units. The filing notes 2,511 units vest in equal parts on March 19, 2026 and March 19, 2027, with additional units vesting on March 12, 2027, March 12, 2028, and March 12, 2029, subject to continued employment.
What role does Nicholas Konat hold at Sprouts Farmers Market (SFM)?
Nicholas Konat serves as President and Chief Operating Officer of Sprouts Farmers Market. His Form 4 filing reflects equity compensation activity, including tax-driven share sales and ongoing ownership of common stock and restricted stock units in the company.