[Form 4] UNITED NATURAL FOODS INC Insider Trading Activity

Rhea-AI Filing Summary

Martin Louis Anthony, President, Conventional & CCO of United Natural Foods, Inc. (UNFI), reported an award settlement on 09/30/2025 converting 7,652 performance share units (PSUs) into common stock. The PSUs were earned under a 10/06/2022 award and were settled on a one-for-one basis with $0 purchase price, reflecting that PSUs converted to shares without cash consideration. After the transaction, the reporting person beneficially owned 83,821 shares. The Form 4 was executed by power of attorney on 10/01/2025.

Positive

• 7,652 PSUs converted to common stock, increasing insider alignment with shareholders
• Resulting beneficial ownership of 83,821 shares, reflecting meaningful executive exposure to company equity
• Clear disclosure of award origin and settlement mechanics (PSU grant dated 10/06/2022; one-for-one settlement)

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider PSU settlement increased executive ownership by 7,652 shares; indicates compensation vesting rather than open-market purchase.

The reported transaction reflects the conversion of performance-based equity into common stock following certification of performance conditions. This raises the insider's stake to 83,821 shares and aligns executive compensation with company performance outcomes. Because the PSUs were settled one-for-one with no purchase price, the change represents earned compensation rather than a new cash-funded position.

Corporate Governance Expert

TL;DR: This is a standard post-certification PSU settlement; procedural and disclosure items appear complete.

The Form 4 discloses the nature of the award, conversion mechanics, and resulting beneficial ownership. The filing identifies the reporting person and includes a power-of-attorney signature. The disclosure is routine for vested performance awards and provides transparency on executive equity holdings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Martin Louis Anthony

(Last) (First) (Middle)

C/O UNITED NATURAL FOODS, INC.

15 PARK ROW WEST, SUITE 302

(Street)

PROVIDENCE RI 02903

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED NATURAL FOODS INC [ UNFI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Conventional & CCO

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		A		7,652(1)	A	$0(2)	83,821	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the number of performance share units ("PSUs") earned after the Compensation Committee's certification to the achievement of performance under the terms of a PSU award granted on October 6, 2022.

2. PSUs are settled in shares of common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Jody L. Hyvarinen, Power-of-Attorney, in fact	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did UNFI insider Martin Louis Anthony report on Form 4?

He reported the conversion of 7,652 PSUs into common stock on 09/30/2025, increasing his ownership to 83,821 shares.

Were any shares purchased in the reported transaction (UNFI)?

No. The PSUs were settled in shares on a one-for-one basis with a $0 purchase price.

What was the origin date of the PSU award that vested?

The PSUs were granted on 10/06/2022 and were certified for performance prior to settlement.

Who signed the Form 4 filing for Martin Louis Anthony?

The Form 4 was executed by Jody L. Hyvarinen as power of attorney on 10/01/2025.

How does this transaction affect insider alignment with shareholders at UNFI?

The conversion increases the reporting person’s equity stake to 83,821 shares, aligning compensation outcomes with shareholder value through equity ownership.