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

Role
Chief Financial Officer
Signature
/s/ Ashley Van, Attorney-in-fact
Issuer symbol
SG
Transactions as of
21 Feb 2023
Net transactions value
$0
Form type
4
Filing time
03 May 2023, 16:48:23 UTC
Previous filing
21 Feb 2023
Next filing
17 May 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 Award $0 +10,000 +1.8% $0.000000 572,588 21 Feb 2023 Direct F1
transaction SG Class A Common Stock Award $0 +56,250 +9.8% $0.000000 628,838 01 May 2023 Direct F2
holding SG Class A Common Stock 100,468 21 Feb 2023 See footnote F3
holding SG Class A Common Stock 100,468 21 Feb 2023 See footnote F4
holding SG Class A Common Stock 127,473 21 Feb 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 +71,429 $0.000000 71,429 21 Feb 2023 Class A Common Stock 71,429 $9.36 Direct F5
transaction SG Stock Option (Right to Buy) Award $0 +168,750 $0.000000 168,750 01 May 2023 Class A Common Stock 168,750 $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.