Mitch Reback - 12 Feb 2024 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: 12 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 14 Feb 2024, 21:25:47 UTC
Previous filing: 12 Feb 2024
Next filing: 21 Feb 2024
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	+23,663	+5.5%	$0.000000	456,056	12 Feb 2024	Direct	F1
holding	SG	Class A Common Stock						79,359	12 Feb 2024	See footnote	F2
holding	SG	Class A Common Stock						79,359	12 Feb 2024	See footnote	F3
holding	SG	Class A Common Stock						100,000	12 Feb 2024	See footnote	F4
holding	SG	Class A Common Stock						100,000	12 Feb 2024	See footnote	F5
holding	SG	Class A Common Stock						127,473	12 Feb 2024	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	+123,940		$0.000000	123,940	12 Feb 2024	Class A Common Stock	123,940	$12.49	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, 2024: (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 are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2021.
F3	The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2021.
F4	The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2023.
F5	The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2023.
F6	The shares subject to the option vest as follows measured from February 15, 2024: (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.