Nathaniel Ru - May 31, 2023 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
Chief Brand Officer, Director
Signature
/s/ Ashley Van, Attorney-in-fact
Stock symbol
SG
Transactions as of
May 31, 2023
Transactions value $
-$471,500
Form type
4
Date filed
6/1/2023, 05:39 PM
Previous filing
Oct 20, 2022
Next filing
Sep 8, 2023

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 +50K $0.00 50K May 31, 2023 See footnote F1, F2
transaction SG Class A Common Stock Sale -$472K -50K -100% $9.43 0 May 31, 2023 See footnote F2, F3
holding SG Class A Common Stock 2.12M May 31, 2023 Direct F4

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 Class B Common Stock Conversion of derivative security $0 -50K -1.31% $0.00 3.76M May 31, 2023 Class A Common Stock 50K See footnote F1, F2
holding SG Class B Common Stock 181K May 31, 2023 Class A Common Stock 181K See footnote F1, F5
holding SG Class B Common Stock 400K May 31, 2023 Class A Common Stock 400K 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 Nathaniel Ru Revocable Trust U/T/A dated October 7, 2016.
F3 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.13 to $9.60. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Includes 2,100,000 shares subject to restricted stock units that vest over time and if and to the extent the issuer's stock price reaches specified levels.
F5 The shares are held by Jonathan Neman, as Trustee of the Nathaniel Espinoza Ru 2014 GRAT.
F6 The shares are held by the Ru Descendants Trust U/T/A dated September 17, 2021.