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

Role
Chief Executive Officer, Director
Signature
/s/ Andrew Glickman, Attorney-in-fact
Stock symbol
SG
Transactions as of
Jun 16, 2021
Transactions value $
$0
Form type
4
Date filed
11/23/2021, 04:59 PM
Next filing
Nov 17, 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
transaction SG Stock Option (Right to Buy) Other $0 -830K -100% $0.00* 0 Nov 22, 2021 Common Stock 830K $10.76 Direct F1, F2
transaction SG Stock Option (Right to Buy) Other $0 +830K $0.00 830K Nov 22, 2021 Class A Common Stock 830K $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.