Form 4: Sprouts Farmers Market SVP Kim Coffin Sells Shares to Cover Tax Obligations
SEC Form 4
Kim Coffin, SVP and Chief Forager at Sprouts Farmers Market, sold 313 shares of common stock to cover withholding tax liabilities upon the vesting of restricted stock units.
Summary
- On March 20, 2025, Kim Coffin, SVP and Chief Forager at Sprouts Farmers Market, sold 313 shares of common stock.
- The sale was executed at a weighted average price of $139.4273 per share, with individual transactions ranging from $139.00 to $139.43.
- This transaction was to cover the withholding tax liability incurred upon the vesting of restricted stock units, as mandated by the Issuer's equity incentive plan.
- Following the transaction, Coffin beneficially owns 12,312 shares, including 7,806 shares of common stock and 4,506 restricted stock units.
- The restricted stock units will vest on various dates in 2026, 2027 and 2028, assuming continued employment.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/20/2025 | Date of transaction: Kim Coffin sold 313 shares of Sprouts Farmers Market stock. |
| 03/21/2025 | Date of report: Form 4 filing date. |
| 03/14/2026 | 1,079 restricted stock units will vest. |
| 03/19/2026 | 1,478 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027. |
| 03/12/2026 | 1,949 restricted stock units will vest evenly over three years on March 12, 2026, March 12, 2027 and March 12, 2028. |
| 03/19/2027 | 1,478 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027. |
| 03/12/2027 | 1,949 restricted stock units will vest evenly over three years on March 12, 2026, March 12, 2027 and March 12, 2028. |
| 03/12/2028 | 1,949 restricted stock units will vest evenly over three years on March 12, 2026, March 12, 2027 and March 12, 2028. |
Keywords
Sprouts Farmers Market, Kim Coffin, Form 4, Share Sale, Restricted Stock Units, SFM, Insider Trading
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