Daniel Shlossman - 24 May 2021 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
SVP, Digital and Growth
Signature
/s/ Andrew Glickman, Attorney-in-fact
Issuer symbol
SG
Transactions as of
24 May 2021
Net transactions value
+$251,772
Form type
4
Filing time
23 Nov 2021, 17:08:12 UTC
Next filing
17 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Common Stock Options Exercise $21,227 +5,691 +11% $3.73 56,250 22 Jul 2021 Direct
transaction SG Common Stock Options Exercise $31,082 +8,333 +15% $3.73 64,583 22 Jul 2021 Direct
transaction SG Common Stock Options Exercise $136,712 +21,666 +34% $6.31 86,249 22 Jul 2021 Direct
transaction SG Common Stock Options Exercise $23,900 +5,000 +5.8% $4.78 91,249 22 Jul 2021 Direct
transaction SG Common Stock Options Exercise $38,850 +5,000 +5.5% $7.77 96,249 22 Jul 2021 Direct
transaction SG Common Stock Award $0 +150,000 +156% $0.000000 246,249 24 Oct 2021 Direct F1
transaction SG Common Stock Award $0 +2,000 +0.81% $0.000000 248,249 24 Oct 2021 Direct F2
transaction SG Common Stock Other $0 -248,249 -100% $0.000000* 0 22 Nov 2021 Direct F3
transaction SG Class A Common Stock Other $0 +248,249 $0.000000 248,249 22 Nov 2021 Direct F3, F4

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 +40,000 $0.000000 40,000 24 May 2021 Common Stock 40,000 $10.76 Direct F5
transaction SG Stock Option (Right to Buy) Award $0 +100,000 $0.000000 100,000 16 Jun 2021 Common Stock 100,000 $10.76 Direct F6
transaction SG Stock Option (Right to Buy) Options Exercise $0 -5,691 -36% $0.000000 10,000 22 Jul 2021 Common Stock 5,691 $3.73 Direct F7
transaction SG Stock Option (Right to Buy) Options Exercise $0 -8,333 -61% $0.000000 5,417 22 Jul 2021 Common Stock 8,333 $3.73 Direct F8
transaction SG Stock Option (Right to Buy) Options Exercise $0 -21,666 -54% $0.000000 18,334 22 Jul 2021 Common Stock 21,666 $6.31 Direct F9
transaction SG Stock Option (Right to Buy) Options Exercise $0 -5,000 -100% $0.000000* 0 22 Jul 2021 Common Stock 5,000 $4.78 Direct F10
transaction SG Stock Option (Right to Buy) Options Exercise $0 -5,000 -33% $0.000000 10,000 22 Jul 2021 Common Stock 5,000 $7.77 Direct F11
transaction SG Stock Option (Right to Buy) Other $0 -10,000 -100% $0.000000* 0 22 Nov 2021 Common Stock 10,000 $3.73 Direct F3, F7
transaction SG Stock Option (Right to Buy) Other $0 +10,000 $0.000000 10,000 22 Nov 2021 Class A Common Stock 10,000 $3.73 Direct F3, F7
transaction SG Stock Option (Right to Buy) Other $0 -5,417 -100% $0.000000* 0 22 Nov 2021 Common Stock 5,417 $3.73 Direct F3, F8
transaction SG Stock Option (Right to Buy) Other $0 +5,417 $0.000000 5,417 22 Nov 2021 Class A Common Stock 5,417 $3.73 Direct F3, F8
transaction SG Stock Option (Right to Buy) Other $0 -18,334 -100% $0.000000* 0 22 Nov 2021 Common Stock 18,334 $6.31 Direct F3, F9
transaction SG Stock Option (Right to Buy) Other $0 +18,334 $0.000000 18,334 22 Nov 2021 Class A Common Stock 18,334 $6.31 Direct F3, F9
transaction SG Stock Option (Right to Buy) Other $0 -10,000 -100% $0.000000* 0 22 Nov 2021 Common Stock 10,000 $7.77 Direct F3, F11
transaction SG Stock Option (Right to Buy) Other $0 +10,000 $0.000000 10,000 22 Nov 2021 Class A Common Stock 10,000 $7.77 Direct F3, F11
transaction SG Stock Option (Right to Buy) Other $0 -40,000 -100% $0.000000* 0 22 Nov 2021 Common Stock 40,000 $10.76 Direct F3, F5
transaction SG Stock Option (Right to Buy) Other $0 +40,000 $0.000000 40,000 22 Nov 2021 Class A Common Stock 40,000 $10.76 Direct F3, F5
transaction SG Stock Option (Right to Buy) Other $0 -100,000 -100% $0.000000* 0 22 Nov 2021 Common Stock 100,000 $10.76 Direct F3, F6
transaction SG Stock Option (Right to Buy) Other $0 +100,000 $0.000000 100,000 22 Nov 2021 Class A Common Stock 100,000 $10.76 Direct F3, F6
* 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 Represents restricted stock units 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 IPO. The time based vesting requirement will be satisfied with respect to 25% of the shares on November 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.
F3 Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO.
F4 Includes 152,000 shares subject to RSUs.
F5 25% of the shares subject to the original option vested on October 19, 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.
F6 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.
F7 25% of the shares subject to the original option vested on February 26, 2019, 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.
F8 25% of the shares subject to the original option vested on August 1, 2019, 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.
F9 25% of the shares subject to the original option vested on May 13, 2020, 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.
F10 Fully vested.
F11 25% of the shares subject to the original option vested on March 13, 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.