Form 4 for FWRG First Watch Restaurant Group, Inc.
Accepted 2024-03-12 00:00:00 ET · period of report 2024-03-11 · accession 0001789940-24-000042 · 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 | 2024-03-12 | 2024-03-11 | FWRG | Eisenacher Matthew | Chief Brand Off | S - Sale+OE | $24.46 | -45.0K | 36.3K | -55% | -$1.10M |
| DM | 2024-03-12 | 2024-03-11 | FWRG | Eisenacher Matthew | Chief Brand Off | M - OptEx | $12.79 | +45.0K | 75.2K | +149% | +$575.7K |
| DM | 2024-03-12 | 2024-03-11 | FWRG | Eisenacher Matthew | Chief Brand Off | M - OptEx | $0.00 | -45.0K | 15.1K | -75% | $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 | 2024-03-11 | S | D | 45,000 | $24.46 | 36,276 | D | — | — | (F1) Transaction pursuant to a 10b5-1 Trading Plan dated December 11, 2023. (F2) 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. |
| 2 | Common | Common Stock | 2024-03-11 | M | A | 6,068 | $13.52 | 81,276 | D | — | — | (F1) Transaction pursuant to a 10b5-1 Trading Plan dated December 11, 2023. |
| 3 | Common | Common Stock | 2024-03-11 | M | A | 38,932 | $12.68 | 75,208 | D | — | — | (F1) Transaction pursuant to a 10b5-1 Trading Plan dated December 11, 2023. |
| 4 | Derivative | Stock Option (right to buy) | 2024-03-11 | M | D | 38,932 | $0.00 | 39,988 | D | $12.68 · — to 2029-04-24 | 38,932 Common Stock | (F1) Transaction pursuant to a 10b5-1 Trading Plan dated December 11, 2023. (F3) 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. |
| 5 | Derivative | Stock Option (right to buy) | 2024-03-11 | M | D | 6,068 | $0.00 | 15,133 | D | $13.52 · — to 2030-04-01 | 6,068 Common Stock | (F1) Transaction pursuant to a 10b5-1 Trading Plan dated December 11, 2023. (F4) 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. |