Form 4: Sprouts Farmers Market SVP Kim Coffin Reports Stock Transactions
SEC Form 4 Filing
Kim Coffin, SVP and Chief Forager at Sprouts Farmers Market, reports the sale and acquisition of company stock and derivative securities.
Summary
- Kim Coffin, SVP and Chief Forager at Sprouts Farmers Market, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 15, 2024, Coffin sold 351 shares of common stock at a weighted average price of $62.4736 to cover withholding tax liabilities.
- On March 18, 2024, Coffin sold 506 shares at a weighted average price of $63.5599.
- Also on March 18, 2024, Coffin exercised stock options to acquire 2,093 shares at $24.42, 3,218 shares at $31.47 and 2,774 shares at $32.95.
- Coffin also sold 8,085 shares at a weighted average price of $63.2705 and 728 shares at a weighted average price of $63.3447 on March 18, 2024.
- Following these transactions, Coffin directly owns 4,605 shares of common stock and derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Sale of 351 shares of common stock to cover withholding tax liability. |
| 03/18/2024 | Exercise of stock options and sale of common stock. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
| 03/16/2028 | Expiration date for some stock options. |
| 03/15/2029 | Expiration date for some stock options. |
| 03/14/2030 | Expiration date for some stock options. |
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