Jack Sinclair, Chief Executive Officer and Director of Sprouts Farmers Market, Inc., filed a Form 4 on November 6, 2026, disclosing the exercise of stock options and sale of common stock on November 4 and November 5, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Two-day transactions: Sinclair exercised stock options and sold shares on both November 4 and November 5, 2026, in transactions covered by a Rule 10b5-1 plan.
  • Options exercised: On each day, 10,788 stock options with an exercise price of $16.47 per share were exercised (transaction code M), for a total of 21,576 options across both days.
  • Shares sold on November 4: 10,788 shares were sold at a weighted average price of $54.1391 per share, with individual sale prices ranging from $53.08 to $55.26 per share.
  • Shares sold on November 5: 10,788 shares were sold at a weighted average price of $51.791 per share, with individual sale prices ranging from $50.73 to $54.00 per share.
  • Remaining beneficial ownership: Following both transactions, Sinclair directly held 269,980 securities, comprising 231,284 shares of common stock and 38,696 restricted stock units.
  • RSU vesting schedule: The 38,696 restricted stock units are scheduled to vest in tranches through March 12, 2029, subject to continued service through each applicable vest date.

Sinclair's Option Exercises and Plan-Based Sales at Sprouts Farmers Market

According to the filing, Jack Sinclair, who serves as both Chief Executive Officer and Director of Sprouts Farmers Market, Inc. (NASDAQ:SFM), carried out four transactions over two consecutive days. On November 4, 2026, he exercised 10,788 stock options at $16.47 per share and simultaneously sold 10,788 shares of common stock at a weighted average price of $54.1391, with individual transactions occurring at prices between $53.08 and $55.26 per share. The same sequence repeated on November 5, 2026, with another 10,788 options exercised at $16.47 and 10,788 shares sold at a weighted average of $51.791, with prices ranging from $50.73 to $54.00 per share.

The filing states that all sales were effected pursuant to a Rule 10b5-1 trading plan previously adopted by Sinclair. The stock options exercised on both days carried an expiration date of March 9, 2027, and are described in the filing as "presently exercisable." Following the November 5 transactions, the remaining derivative position in those options stood at zero, according to the filing.

After both days of transactions, Sinclair's total direct beneficial ownership stood at 269,980 securities. The filing notes this figure includes 231,284 shares of common stock and 38,696 restricted stock units. Of those RSUs, 7,597 are scheduled to vest on March 19, 2027; 7,882 are to vest evenly over two years on March 12, 2027 and March 12, 2028; and 23,217 are to vest evenly over three years on March 12, 2027, March 12, 2028, and March 12, 2029. The filing notes that "all such vests assume continued service through the applicable vest date." The Form 4 was signed by Brandon F. Lombardi as Attorney-in-Fact for Jack L. Sinclair on November 6, 2026.

What Was Disclosed

Sprouts Farmers Market CEO Jack Sinclair disclosed the exercise of 21,576 stock options and the sale of 21,576 shares of common stock across November 4 and 5, 2026, under a Rule 10b5-1 plan, leaving him with 269,980 securities in direct beneficial ownership.