Form 4 for SG Sweetgreen, Inc.
Accepted 2021-11-23 00:00:00 ET · period of report 2021-05-24 · accession 0001209191-21-066593 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-11-23 | 2021-10-24 | SG | Bornstein Julie | Dir | A - Grant | $0.00 | +5,000 | 5,000 | New | $0 |
| DM | 2021-11-23 | 2021-11-22 | SG | Bornstein Julie | Dir | J - Other | — | 0 | 5,000 | New | — |
| D | 2021-11-23 | 2021-11-22 | SG | Bornstein Julie | Dir | P - Purchase | $28.00 | +8,928 | 13.9K | +179% | +$250.0K |
| DM | 2021-11-23 | 2021-11-22 | SG | Bornstein Julie | Dir | J - Other | $0.00 | 0 | 50.0K | New | $0 |
| D | 2021-11-23 | 2021-05-24 | SG | Bornstein Julie | Dir | A - Grant | $0.00 | +50.0K | 50.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-10-24 | A | A | 5,000 | $0.00 | 5,000 | D | — | — | (F1) Represents restricted stock units ("RSUs") that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, subject to the reporting person's continuous service through each applicable vesting date. |
| 2 | Common | Common Stock | 2021-11-22 | J | D | 5,000 | — | 0 | D | — | — | (F1) Represents restricted stock units ("RSUs") that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, subject to the reporting person's continuous service through each applicable vesting date. (F2) Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO. |
| 3 | Common | Class A Common Stock | 2021-11-22 | P | A | 8,928 | $28.00 | 13,928 | D | — | — | (F3) Includes 5,000 shares subject to RSUs. |
| 4 | Common | Class A Common Stock | 2021-11-22 | J | A | 5,000 | — | 5,000 | D | — | — | (F1) Represents restricted stock units ("RSUs") that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, subject to the reporting person's continuous service through each applicable vesting date. (F2) Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO. |
| 5 | Derivative | Stock Option (Right to Buy) | 2021-11-22 | J | D | 50,000 | $0.00 | 0 | D | $10.76 · — to 2021-05-23 | 50,000 Common Stock | (F4) The shares subject to the option vest monthly over 24 months measured from May 7, 2021, subject to the reporting person's continuous service through each applicable vesting date. |
| 6 | Derivative | Stock Option (Right to Buy) | 2021-11-22 | J | A | 50,000 | $0.00 | 50,000 | D | $10.76 · — to 2031-05-23 | 50,000 Class A Common Stock | (F4) The shares subject to the option vest monthly over 24 months measured from May 7, 2021, subject to the reporting person's continuous service through each applicable vesting date. |
| 7 | Derivative | Stock Option (Right to Buy) | 2021-05-24 | A | A | 50,000 | $0.00 | 50,000 | D | $10.76 · — to 2031-05-23 | 50,000 Common Stock | (F4) The shares subject to the option vest monthly over 24 months measured from May 7, 2021, subject to the reporting person's continuous service through each applicable vesting date. |