H. Melville Hope III - Oct 1, 2021 Form 3 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Role
CFO and Treasurer
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, 07:29 PM
Next filing
Nov 12, 2021

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 178K $8.45 Direct F1
holding FWRG Stock Option (right to buy) Oct 1, 2021 Common stock 69.1K $13.52 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 30, 2018, pursuant to the Issuer's 2017 Omnibus Equity Incentive Plan (the "Plan"). Unvested stock options vest in installments as follows: (a) 21,308 options on each of July 30, 2022 and the first anniversary thereof; and (b) 23,676 options on each of the first two anniversaries of the closing of the Issuer's initial public offering (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 July 31, 2019, pursuant to the Plan. Unvested stock options vest in installments as follows: (a) 8,286 options on July 31, 2022, and 8,287 options on each of the first two anniversaries thereof; and (b) 9,207 options on each of the first two anniversaries of the closing of the IPO, and 9,208 options 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