Jonathan Neman - 18 Oct 2022 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role: Chief Executive Officer, Director
Signature: /s/ Andrew Glickman, Attorney-in-fact
Issuer symbol: SG
Transactions as of: 18 Oct 2022
Net transactions value: -$4,000
Form type: 4
Filing time: 20 Oct 2022, 17:49:32 UTC
Previous filing: 17 Nov 2021
Next filing: 08 Sep 2023
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	Conversion of derivative security	$0	+200		$0.000000	200	18 Oct 2022	See footnote	F1, F2
transaction	SG	Class A Common Stock	Sale	$4,000	-200	-100%	$20.00	0	18 Oct 2022	See footnote	F2
holding	SG	Class A Common Stock						2,100,000	18 Oct 2022	Direct	F3
holding	SG	Class A Common Stock						943,991	18 Oct 2022	See footnote	F4
holding	SG	Class A Common Stock						50,000	18 Oct 2022	By spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	SG	Class B Common Stock	Conversion of derivative security	$0	-200	-0%	$0.000000	4,003,464	18 Oct 2022	Class A Common Stock	200	See footnote	F1, F2
holding	SG	Class B Common Stock						180,469	18 Oct 2022	Class A Common Stock	180,469	See footnote	F1, F5
holding	SG	Class B Common Stock						500,000	18 Oct 2022	Class A Common Stock	500,000	See footnote	F1, F6

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

Explanation of Responses:

Id	Content
F1	Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock.
F2	The shares are held by Jonathan Neman Revocable Trust U/T/A dated October 7, 2016.
F3	Represents restricted stock units that vest over time and if and to the extent the issuer's stock price reaches specified levels.
F4	The shares are held by the JDRB Trust.
F5	The shares are held by Nicolas H. Jammet, as Trustee of the Jonathan Neman 2014 GRAT.
F6	The shares are held by the Neman Descendants Trust U/T/A dated September 3, 2021.

Remarks:

This form 4 reflects the reduction of 315,395 shares of Class A Common Stock held by Neman IV, LLC and previously reported as beneficially owned by the Reporting Person. The shares are no longer beneficially owned by the Reporting Person as a result of changes to Neman IV, LLC's governing documents.