Daniel Shlossman - 02 May 2022 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: 02 May 2022
Net transactions value: $0
Form type: 4
Filing time: 04 May 2022, 16:23:53 UTC
Previous filing: 17 Nov 2021
Next filing: 16 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SG	Class A Common Stock	Award	$0	+17,483	+7%	$0.000000	265,732	02 May 2022	Direct	F1

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	+41,625		$0.000000	41,625	02 May 2022	Class A Common Stock	41,625	$27.08	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the grant of restricted stock units ("RSUs") that vest as follows measured from February 15, 2022: (i) 5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.
F2	The shares subject to the option vest as follows measured from February 15, 2022: (i) 5% of the Options will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the Options will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the Options will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.

Content

Represents the grant of restricted stock units ("RSUs") that vest as follows measured from February 15, 2022: (i) 5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.

The shares subject to the option vest as follows measured from February 15, 2022: (i) 5% of the Options will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the Options will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the Options will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.