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

Role
Director
Signature
/s/ Andrew Glickman, Attorney-in-fact
Stock symbol
SG
Transactions as of
May 24, 2021
Transactions value $
$249,984
Form type
4
Date filed
11/23/2021, 05:12 PM
Next filing
Jun 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Common Stock Award $0 +5K $0.00 5K Oct 24, 2021 Direct F1
transaction SG Common Stock Other -5K -100% 0 Nov 22, 2021 Direct F1, F2
transaction SG Class A Common Stock Other +5K 5K Nov 22, 2021 Direct F1, F2
transaction SG Class A Common Stock Purchase $250K +8.93K +178.56% $28.00 13.9K Nov 22, 2021 Direct 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 +50K $0.00 50K May 24, 2021 Common Stock 50K $10.76 Direct F4
transaction SG Stock Option (Right to Buy) Other $0 -50K -100% $0.00* 0 Nov 22, 2021 Common Stock 50K $10.76 Direct F2, F4
transaction SG Stock Option (Right to Buy) Other $0 +50K $0.00 50K Nov 22, 2021 Class A Common Stock 50K $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 was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, 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 5,000 shares subject to RSUs.
F4 The shares subject to the option vest monthly over 24 months measured from May 7, 2021, subject to the reporting person's continuous service through each applicable vesting date.