Advent International, L.P. - May 18, 2023 Form 4 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Role: 10%+ Owner
Signature: ADVENT INTERNATIONAL CORPORATION, By: /s/ Neil Crawford, Name: Neil Crawford, Title: Vice President, Finance
Stock symbol: FWRG
Transactions as of: May 18, 2023
Transactions value $: -$62,266,750
Form type: 4
Date filed: 5/22/2023, 04:32 PM
Previous filing: May 19, 2023
Next filing: Jun 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FWRG	Common Stock	Sale	-$62.3M	-4.03M	-9.68%	$15.47	37.5M	May 18, 2023	See Notes	F1, F2, F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	See Exhibit 99.1 for text of footnote (1).
F2	See Exhibit 99.1 for text of footnote (2).
F3	See Exhibit 99.1 for text of footnote (3).
F4	See Exhibit 99.1 for text of footnote (4).
F5	See Exhibit 99.1 for text of footnote (5).

Remarks:

Exhibit 99.1 (Footnotes to Form 4) and Exhibit 99.2 (Signatures and Joint Filer Information) are incorporated by reference. Form 2 of 3: This Form 4 is the second of three Forms 4 being filed relating to the same event. The Form 4 has been split into multiple filings because there are more than 10 Reporting Persons total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 Reporting Persons. Each Form 4 will be filed by Designated Filer Advent International Corporation.