Calum Alasdair Johnstone Middleton - Oct 1, 2021 Form 3 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Role
Chief Strategy Officer
Signature
By: /s/ Jay Wolszczak, as attorney-in-fact
Stock symbol
FWRG
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
3
Date filed
10/1/2021, 07:17 PM
Next filing
Mar 29, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FWRG Stock Option (right to buy) Oct 1, 2021 Common stock 49.3K $8.45 Direct F1
holding FWRG Stock Option (right to buy) Oct 1, 2021 Common stock 65.8K $12.68 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options awarded on July 18, 2018, pursuant to the Issuer's 2017 Omnibus Equity Incentive Plan (the "Plan"). Unvested stock options vest in installments as follows: (a) 5,919 options on each of July 18, 2022 and the first anniversary thereof; and (b) 6,576 options on the first anniversary of the closing of the Issuer's initial public offering (the "IPO"), and 6,577 options on each of the second anniversary of the closing of the IPO and on the 273rd day following the second anniversary of the closing of the IPO, subject to earlier forfeiture or acceleration.
F2 Represents stock options awarded on April 24, 2019, pursuant to the Plan. Unvested stock options vest in installments as follows: (a) 7,892 options on each of April 24, 2022 and the first two anniversaries thereof; and (b) 8,768 options on the first anniversary of the closing of the IPO, and 8,769 options on each of the second anniversary of the closing of the IPO and on the 273rd day following the second anniversary of the closing of the IPO, subject to earlier forfeiture or acceleration.

Remarks:

Exhibit 24 - Power of Attorney, incorporated herein by reference