Mitch Reback - Feb 21, 2023 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
Chief Financial Officer
Signature
/s/ Ashley Van, Attorney-in-fact
Stock symbol
SG
Transactions as of
Feb 21, 2023
Transactions value $
$0
Form type
4
Date filed
5/3/2023, 04:48 PM
Previous filing
Feb 21, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Class A Common Stock Award $0 +10K +1.78% $0.00 573K Feb 21, 2023 Direct F1
transaction SG Class A Common Stock Award $0 +56.3K +9.82% $0.00 629K May 1, 2023 Direct F2
holding SG Class A Common Stock 100K Feb 21, 2023 See footnote F3
holding SG Class A Common Stock 100K Feb 21, 2023 See footnote F4
holding SG Class A Common Stock 127K Feb 21, 2023 By Family Trust

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 +71.4K $0.00 71.4K Feb 21, 2023 Class A Common Stock 71.4K $9.36 Direct F5
transaction SG Stock Option (Right to Buy) Award $0 +169K $0.00 169K May 1, 2023 Class A Common Stock 169K $8.08 Direct F6
* 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, 2023: (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 Represents the grant of RSUs that vest as follows measured from May 15, 2023: (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.
F3 The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2021.
F4 The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2021.
F5 The shares subject to the option vest as follows measured from February 15, 2023: (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.
F6 The shares subject to the option vest as follows measured from May 15, 2023: (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.