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Filing Details

Accession Number:: 0001789940-24-000052
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-03-14 16:12:19
Reporting Period:: 2024-03-12

Accepted Time:: 2024-03-14 16:12:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1789940	First Watch Restaurant Group Inc.	FWRG	Retail-Eating Places (5812)	824271369

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1879565	Anthony Christopher Tomasso	C/O First Watch Restaurant Group, Inc. 8725 Pendery Place, Ste. 201 Bradenton FL 34201	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2024-03-12	21,995	$24.43	431,871	No	4	S	Direct
Common Stock	Acquisiton	2024-03-12	100,000	$8.45	531,871	No	4	M	Direct
Common Stock	Disposition	2024-03-12	100,000	$24.45	431,871	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2024-03-12	100,000	$0.00	100,000	$8.45

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
935,825		2027-08-21	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	500	Indirect	By daughter

Footnotes

Represents the number of shares sold by First Watch Restaurant Group, Inc. on behalf of the reporting owner, which sale is mandatory pursuant to First Watch Restaurant Group, Inc.'s policies to cover necessary tax withholding obligations in connection with the vesting of restricted stock units. Such sales do not represent a discretionary trade by the reporting owner.
The price reported in Column 4 is a weighted average price for the 21,995 shares. The individual range of sale prices for this transaction is $24.28 to $24.43. The reporting owner undertakes to provide to First Watch Restaurant Group, Inc., any security holder of First Watch Restaurant Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range set forth in this Footnote.
The price reported in Column 4 is a weighted average price for the 100,000 shares. The individual range of sale prices for this transaction is $24.18 to $24.66. The reporting owner undertakes to provide to First Watch Restaurant Group, Inc., any security holder of First Watch Restaurant Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range set forth in this Footnote.
The stock options representing a right to purchase a total of 1,035,825 shares, became partially exercisable, as follows: (a) 124,299 stock options vested on August 31, 2018, (b) 124,299 stock options vested on August 31, 2019, (c) 124,299 stock options vested on August 31, 2020, (d) 124,299 stock options vested on August 31, 2021, (e) 124,299 stock options vested on August 31, 2022, (e) 138,110 stock options vested on October 1, 2022, and (f) 138,110 stock options vested on October 1, 2023. 138,110 stock options will vest on June 30, 2024, subject to earlier forfeiture or cancellation.