Youngme E. Moon - Oct 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
Oct 24, 2021
Transactions value $
$0
Form type
4
Date filed
11/23/2021, 05:16 PM
Previous filing
Oct 8, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Common Stock Award $0 +10K +9.52% $0.00 115K Oct 24, 2021 Direct F1
transaction SG Common Stock Other -115K -100% 0 Nov 22, 2021 Direct F2
transaction SG Class A Common Stock Other +115K 115K Nov 22, 2021 Direct F2, F3
* 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 was 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 10,000 shares subject to RSUs.