Konat Nicholas 4

4 · Sprouts Farmers Market, Inc. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Sprouts (SFM) President & COO Nicholas Konat Receives Award

What Happened

Nicholas Konat, President & COO of Sprouts Farmers Market (SFM), had 27,772 performance shares vest on March 14, 2026 (awarded at $0). Following the vesting, 10,123 shares were sold on March 16, 2026 in a broker-assisted transaction at $80.82 per share, generating proceeds of approximately $818,179. The award originated from a 2023 grant that vested at 200% of target performance for fiscal 2025.

Key Details

Transaction dates and prices:
- 2026-03-14: Award/vest — 27,772 shares acquired at $0.00 (vested performance shares).
- 2026-03-16: Sale — 10,123 shares disposed at $80.82 each, proceeds ~$818,179.
Reason for sale: Broker-assisted sale to satisfy withholding tax on the vested award (per footnote); not a discretionary open-market trade by the insider.
Reported holdings (per filing): Includes 68,044 shares of common stock and 12,095 restricted stock units (RSUs).
Filing: Form 4 filed 2026-03-17 reporting the March 14 and March 16 transactions; no late-filing indication in the report.

Context

These were not purchases; the primary event was vesting of performance-based shares (grant made in 2023, paid at 200% of target). The partial sale was a standard tax-withholding sale rather than a directional bet on the stock. The remaining RSUs have scheduled vesting dates through 2029, assuming continued employment.

Form 4

Period: 2026-03-14

President & COO

Transactions

Award
Common Stock, par value $0.001 per share
[F1]
2026-03-14+27,772→ 90,262 total
Sale
Common Stock, par value $0.001 per share
[F2][F3]
2026-03-16$80.82/sh−10,123$818,179→ 80,139 total

Footnotes (3)

[F1]On March 14, 2023, the reporting person was granted performance share awards covering 13,886 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of 2025 performance goals as certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria for fiscal 2025 by the Issuer's compensation committee at the 200% performance level, 27,772 shares vested on March 14, 2026.
[F2]This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of performance share awards, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
[F3]Includes 68,044 shares of common stock and 12,095 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 2,511 restricted stock units will vest evenly over two years on March 19, 2026 and 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.

Signature

/s/ Brandon F. Lombardi, Attorney-in-Fact for Nicholas Konat|2026-03-17

1 file