Sprouts (NASDAQ: SFM) president sells 12,538 shares, still holds 66,119
Rhea-AI Filing Summary
Sprouts Farmers Market President & COO Nicholas Konat sold 12,538 shares of common stock in an open-market transaction at a weighted average price of $87.9047 per share. After the sale, he directly owns 66,119 equity-linked units, including 55,280 shares of common stock and 10,839 restricted stock units that vest between March 2027 and March 2029, assuming continued employment.
Positive
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Negative
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Insights
Routine open-market sale with significant remaining equity stake.
President & COO Nicholas Konat executed an open-market sale of 12,538 Sprouts Farmers Market shares at a weighted average price of $87.9047. The transaction is coded as an "S" sale, indicating a discretionary market disposition rather than tax withholding or automatic vesting.
Following the sale, he still holds 66,119 equity-linked units, comprising 55,280 common shares and 10,839 restricted stock units scheduled to vest through 2029, assuming continued employment. This remaining position suggests ongoing exposure to the company’s stock despite the sale.
The pricing footnote shows the shares were sold in multiple trades between $87.77 and $88.04. No reference is made to a Rule 10b5-1 trading plan in the provided excerpt, so the timing context is not further qualified here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 12,538 | $87.9047 | $1.10M |
Footnotes (2)
- F1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.77 to $88.04 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. Includes 55,280 shares of common stock and 10,839 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,255 restricted stock units will vest on 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.
Key Figures
Key Terms
weighted average price financial
restricted stock units financial
vest financial
open-market sale financial
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