Filing Details
- Accession Number:
- 0001789940-24-000042
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-12 16:08:32
- Reporting Period:
- 2024-03-11
- Accepted Time:
- 2024-03-12 16:08:32
- 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 |
|---|---|---|---|---|---|---|---|
| 1988417 | Matthew Eisenacher | C/O First Watch Restaurant Group, Inc. 8725 Pendery Place, Ste. 201 Bradenton FL 34201 | Chief Brand Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-03-11 | 38,932 | $12.68 | 75,208 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2024-03-11 | 6,068 | $13.52 | 81,276 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-03-11 | 45,000 | $24.46 | 36,276 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | Disposition | 2024-03-11 | 38,932 | $0.00 | 38,932 | $12.68 |
| Common Stock | Stock Option (right to buy) | Disposition | 2024-03-11 | 6,068 | $0.00 | 6,068 | $13.52 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 39,988 | 2029-04-24 | No | 4 | M | Direct | |
| 15,133 | 2030-04-01 | No | 4 | M | Direct |
Footnotes
- Transaction pursuant to a 10b5-1 Trading Plan dated December 11, 2023.
- The price reported in Column 4 is a weighted average price for the 45,000 shares. The individual range of sale prices for this transaction is $24.06 to $25.04. 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 78,920 shares, became partially exercisable, as follows: (a) 9,470 stock options vested on April 24, 2020, (b) 9,470 stock options vested on April 24, 2021, (c) 9,470 stock options vested on April 24, 2022, (d) 10,522 stock options vested on October 1, 2022, (e) 9,471 stock options vested on April 24, 2023, and (f) 10,522 stock options vested on October 1, 2023. The unvested stock options are scheduled to vest and become exercisable as follows: (a) 9,471 stock options will vest on April 24, 2024 and (b) 10,524 stock options will vest on June 30, 2024, subject to earlier forfeiture or cancellation.
- The stock options representing a right to purchase a total of 26,772 shares, became partially exercisable as follows: (a) 3,212 stock options vested on April 1, 2021, (b) 3,213 stock options vested on April 1, 2022, (c) 3,568 stock options vested on October 1, 2022, (d) 3,213 stock options vested on April 1, 2023 and (e) 3,570 stock options vested on October 1, 2023. The unvested stock options are scheduled to vest and become exercisable as follows: (a) 3,213 stock options will vest on April 1, 2024, (b) 3,570 stock options will vest on June 30, 2024 and (c) 3,213 stock options will vest on April 1, 2025, subject to earlier forfeiture or cancellation.
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