Form 4 for FWRG First Watch Restaurant Group, Inc.
Accepted 2024-03-14 00:00:00 ET · period of report 2024-03-12 · accession 0001789940-24-000052 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-14 | 2024-03-12 | FWRG | Tomasso Christopher Anthony | Pres, CEO, Dir | S - Sale+OE | $24.45 | -122.0K | 431.9K | -22% | -$2.98M |
| D | 2024-03-14 | 2024-03-12 | FWRG | Tomasso Christopher Anthony | Pres, CEO, Dir | M - OptEx | $8.45 | +100.0K | 531.9K | +23% | +$845.0K |
| D | 2024-03-14 | 2024-03-12 | FWRG | Tomasso Christopher Anthony | Pres, CEO, Dir | M - OptEx | $0.00 | -100.0K | 935.8K | -10% | $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 | 2024-03-12 | S | D | 21,995 | $24.43 | 431,871 | D | — | — | (F2) 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. |
| 2 | Common | Common Stock | 2024-03-12 | M | A | 100,000 | $8.45 | 531,871 | D | — | — | |
| 3 | Common | Common Stock | 2024-03-12 | S | D | 100,000 | $24.45 | 431,871 | D | — | — | (F3) 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. |
| 4 | Derivative | Stock Option (right to buy) | 2024-03-12 | M | D | 100,000 | $0.00 | 935,825 | D | $8.45 · — to 2027-08-21 | 100,000 Common Stock | (F4) 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. |