Lombardi Brandon F. 4
4 · Sprouts Farmers Market, Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Sprouts (SFM) Chief Legal Officer Brandon Lombardi Sells 297 Shares
What Happened
Brandon F. Lombardi, Chief Legal Officer of Sprouts Farmers Market (SFM), sold 297 shares of common stock on March 20, 2026 at $83.97 per share for total proceeds of approximately $24,940. The sale was a broker-assisted disposition to satisfy withholding taxes generated by the vesting of restricted stock units (RSUs) and was not a discretionary trade by the reporting person.
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 23, 2026 (timely).
- Trade: Sale of 297 shares at $83.97; total proceeds ~$24,940. (Reported as S = Sale)
- Beneficial ownership after transaction: 406 shares of common stock and 6,801 restricted stock units (each RSU converts to one share upon vesting).
- Footnotes: Broker-assisted sale to satisfy tax withholding under the issuer’s equity incentive plan (not a voluntary market-timing sale). Vesting schedule for RSUs: 703 RSUs vest 3/19/2027; 1,545 RSUs vest evenly on 3/12/2027 and 3/12/2028; 4,553 RSUs vest evenly on 3/12/2027, 3/12/2028, and 3/12/2029—vesting assumes continued employment. (Footnotes F1, F2)
- Transaction code/meaning: S = Sale; this particular sale functioned as tax withholding (F).
Context
Sales conducted by brokers to satisfy tax-withholding obligations upon RSU vesting are routine and generally reflect payroll/tax mechanics, not an insider’s discretionary decision about the company’s prospects.
Insider Transaction Report
Form 4
Lombardi Brandon F.
Chief Legal Officer
Transactions
- Sale
Common Stock, par value $0.001 per share
[F1][F2]2026-03-20$83.97/sh−297$24,940→ 7,207 total
Footnotes (2)
- [F1]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.
- [F2]Includes 406 shares of common stock and 6,801 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 703 restricted stock units will vest on March 19, 2027, 1,545 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 4,553 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.
Signature
/s/ Brandon F. Lombardi|2026-03-23