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

Role
Chief People Officer
Signature
/s/ Andrew Glickman, Attorney-in-fact
Stock symbol
SG
Transactions as of
Jun 16, 2021
Transactions value $
$99,998
Form type
4
Date filed
11/23/2021, 05:06 PM
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Common Stock Options Exercise $100K +20.9K $4.78 20.9K Jul 21, 2021 Direct
transaction SG Common Stock Award $0 +150K +717.02% $0.00 171K Oct 24, 2021 Direct F1
transaction SG Common Stock Other $0 -171K -100% $0.00* 0 Nov 22, 2021 Direct F2
transaction SG Class A Common Stock Other $0 +171K $0.00 171K Nov 22, 2021 Direct F2, F3

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) Award $0 +100K $0.00 100K Jun 16, 2021 Common Stock 100K $10.76 Direct F4
transaction SG Stock Option (Right to Buy) Options Exercise $0 -20.9K -13.95% $0.00 129K Jul 21, 2021 Common Stock 20.9K $4.78 Direct F5
transaction SG Stock Option (Right to Buy) Other $0 -129K -100% $0.00* 0 Nov 22, 2021 Common Stock 129K $4.78 Direct F2, F5
transaction SG Stock Option (Right to Buy) Other $0 +129K $0.00 129K Nov 22, 2021 Class A Common Stock 129K $4.78 Direct F2, F5
transaction SG Stock Option (Right to Buy) Other $0 -100K -100% $0.00* 0 Nov 22, 2021 Common Stock 100K $10.76 Direct F2, F4
transaction SG Stock Option (Right to Buy) Other $0 +100K $0.00 100K Nov 22, 2021 Class A Common Stock 100K $10.76 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement will be satisfied with respect to 25% of the shares on August 15, 2022 and with respect to the remainder of the shares in equal quarterly amounts over the following 36 months, subject to the reporting person's continuous service through each applicable vesting date.
F2 Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO.
F3 Includes 150,000 shares subject to RSUs.
F4 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.
F5 25% of the shares subject to the original option vested on July 6, 2021, 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.