Jonathan Neman - 16 Jun 2021 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
Chief Executive Officer, Director
Signature
/s/ Andrew Glickman, Attorney-in-fact
Issuer symbol
SG
Transactions as of
16 Jun 2021
Net transactions value
$0
Form type
4
Filing time
23 Nov 2021, 16:59:27 UTC
Next filing
17 Nov 2021
SEC
View on sec.gov

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
transaction SG Stock Option (Right to Buy) Other $0 -830,000 -100% $0.000000* 0 22 Nov 2021 Common Stock 830,000 $10.76 Direct F1, F2
transaction SG Stock Option (Right to Buy) Other $0 +830,000 $0.000000 830,000 22 Nov 2021 Class A Common Stock 830,000 $10.76 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO.
F2 25% of the shares vest on January 1, 2022, the one-year anniversary of the vesting commencement date, with the remainder of the shares vesting in 36 equal monthly installments thereafter, subject to the recipient's continuous service through each applicable vesting date.

Remarks:

Second of two forms 4 filed by the reporting person. This is a continuation of the first of two.