Sprouts (NASDAQ: SFM) CEO option exercise and share sale detailed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market CEO Jack Sinclair reported an exercise-and-sell transaction in company stock. On June 5 and June 8, he exercised stock options to acquire a total of 21,578 shares of common stock at an exercise price of $16.47 per share and sold the same number of shares in open-market transactions at weighted average prices of $82.0443 and $86.9197 per share, respectively. The sales were made under a Rule 10b5-1 trading plan. Following these transactions, he holds 269,980 shares and restricted stock units, including 38,696 restricted stock units scheduled to vest between 2027 and 2029. The shares sold represent roughly a single‑digit percentage of his reported equity exposure, indicating a relatively modest, planned disposition.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 21,578 shares ($1,822,948)
Net Sell
6 txns
Insider
Sinclair Jack
Role
Chief Executive Officer
Sold
21,578 shs ($1.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 10,788 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 10,788 | $16.47 | $178K |
| Sale | Common Stock, par value $0.001 per share | 10,788 | $86.9197 | $938K |
| Exercise | Stock Option (right to buy) | 10,790 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 10,790 | $16.47 | $178K |
| Sale | Common Stock, par value $0.001 per share | 10,790 | $82.0443 | $885K |
Holdings After Transaction:
Stock Option (right to buy) — 107,880 shares (Direct);
Common Stock, par value $0.001 per share — 280,768 shares (Direct)
Footnotes (1)
- This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.91 to $82.94 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.86 to $88.37 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. Includes 231,284 shares of common stock and 38,696 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 7,597 restricted stock units will vest on March 19, 2027, 7,882 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 23,217 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. All such options are presently exercisable.
Key Figures
Shares sold: 21,578 shares
June 5 weighted average sale price: $82.0443 per share
June 8 weighted average sale price: $86.9197 per share
+3 more
6 metrics
Shares sold
21,578 shares
Open-market sales on June 5 and June 8, 2026
June 5 weighted average sale price
$82.0443 per share
10,790 shares sold in multiple trades
June 8 weighted average sale price
$86.9197 per share
10,788 shares sold in multiple trades
Option exercise price
$16.47 per share
Stock options exercised for 21,578 shares
Post-transaction equity position
269,980 shares and RSUs
Holdings after reported transactions
Restricted stock units outstanding
38,696 RSUs
Vesting between March 2027 and March 2029
Key Terms
Rule 10b5-1 trading plan, restricted stock units, weighted average price, Stock Option (right to buy)
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Includes 231,284 shares of common stock and 38,696 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
FAQ
What did Sprouts Farmers Market (SFM) CEO Jack Sinclair report in this Form 4?
Jack Sinclair reported exercising stock options to acquire 21,578 Sprouts shares and selling the same number in open-market trades. These transactions on June 5 and June 8 followed a pre-arranged Rule 10b5-1 trading plan and were linked directly to option exercises.
What stock options did the Sprouts (SFM) CEO exercise in this filing?
Jack Sinclair exercised options covering 21,578 Sprouts shares at an exercise price of $16.47 per share. These option exercises converted derivative rights into common stock, which he then sold in the market as part of the same overall transaction pattern reported in the filing.
What do the weighted average prices mean in the Sprouts (SFM) Form 4?
The filing lists weighted average sale prices because shares were sold in multiple trades at different prices within a range. Footnotes explain the June 5 sales occurred between $80.91 and $82.94 and the June 8 sales between $82.86 and $88.37 per share, inclusive.