Sprouts CEO sells 21,576 shares under plan
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. (SFM) reports that Chief Executive Officer Jack Sinclair exercised stock options for a total of 21,576 shares at an exercise price of $16.47 per share on September 1 and 2, 2026 and sold the corresponding 21,576 shares of common stock in open-market transactions under a Rule 10b5-1 trading plan. After these trades, he continues to hold 231,284 common shares and 38,696 restricted stock units with scheduled vesting through March 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 21,576 shares ($1.38M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Sinclair Jack
Role
Chief Executive Officer
Sold
21,576 shs ($1.74M)
Approx. gross sale proceeds
$1.74M
Approx. exercise cost
$355K
Approx. pre-tax spread
$1.38M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F5 | 10,788 | $0.00 | $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 F1, F3, F4 | 10,788 | $78.2451 | $844K |
| Exercise | Stock Option (right to buy) F5 | 10,788 | $0.00 | $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 F1, F2 | 10,788 | $82.6567 | $892K |
Holdings After Transaction:
Stock Option (right to buy) — 43,152 contracts (Direct);
Common Stock, par value $0.001 per share — 269,980 shares (Direct)
Footnotes (5)
- F1. This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.20 to $85.26 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.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.27 to $79.64 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.
- F4. 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 service through the applicable vest date.
- F5. All such options are presently exercisable.
Key Figures
Shares sold September 1, 2026: 10,788 shares
Weighted average sale price September 1, 2026: $82.6567 per share
Shares sold September 2, 2026: 10,788 shares
+5 more
8 metrics
Shares sold September 1, 2026
10,788 shares
Common stock sold in open-market transactions
Weighted average sale price September 1, 2026
$82.6567 per share
Sales executed in a range of $80.20 to $85.26 per share
Shares sold September 2, 2026
10,788 shares
Common stock sold in open-market transactions
Weighted average sale price September 2, 2026
$78.2451 per share
Sales executed in a range of $76.27 to $79.64 per share
Option exercise price
$16.47 per share
Stock options exercised for 10,788 shares on each of September 1 and 2, 2026
Total shares underlying options exercised
21,576 shares
Stock options exercised over two days
Post-transaction common stock holdings
231,284 shares
Shares of SFM common stock held by Jack Sinclair after reported trades
Restricted stock units outstanding
38,696 RSUs
Each RSU represents the right to receive one share upon vesting
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, presently exercisable
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was pursuant to a Rule 10b5-1 trading plan adopted"
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.
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.
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.
presently exercisable financial
"All such options are presently exercisable."
FAQ
What did SFM's CEO Jack Sinclair report in this Form 4?
He exercised options for 21,576 shares of Sprouts Farmers Market, Inc. common stock at $16.47 per share and sold 21,576 shares in open-market transactions on September 1 and 2, 2026, pursuant to a Rule 10b5-1 trading plan.
Were the SFM insider sales made under a Rule 10b5-1 plan?
Yes. The filing states that the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, and the Form 4 indicates the Rule 10b5-1 checkbox as affirmed.
What SFM equity holdings does the CEO have after these transactions?
After the reported trades, Jack Sinclair holds 231,284 shares of common stock and 38,696 restricted stock units, each restricted stock unit representing the right to receive one share of common stock upon vesting.
What are the vesting terms of the SFM restricted stock units held by the CEO?
Of the 38,696 restricted stock units, 7,597 vest on March 19, 2027, 7,882 vest evenly on March 12, 2027 and March 12, 2028, and 23,217 vest evenly on March 12, 2027, March 12, 2028 and March 12, 2029, assuming continued service.
What options did the SFM CEO exercise in this Form 4?
He exercised stock options covering 10,788 shares on September 1, 2026 and 10,788 shares on September 2, 2026, each at an exercise price of $16.47 per share. A footnote states that all such options were presently exercisable and had an expiration date of March 9, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.