Mitch Reback - 08 Mar 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
08 Mar 2024
Net transactions value
-$619,270
Form type
4
Filing time
12 Mar 2024, 18:36:10 UTC
Previous filing
29 Feb 2024
Next filing
20 May 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 Gift $0 -2,000 -0.46% $0.000000 437,059 08 Mar 2024 Direct F1
transaction SG Class A Common Stock Gift $0 -2,000 -0.46% $0.000000 435,059 11 Mar 2024 Direct F1
transaction SG Class A Common Stock Sale $619,270 -29,475 -6.8% $21.01 405,584 12 Mar 2024 Direct F2
holding SG Class A Common Stock 79,359 08 Mar 2024 See footnote F3
holding SG Class A Common Stock 79,359 08 Mar 2024 See footnote F4
holding SG Class A Common Stock 100,000 08 Mar 2024 See footnote F5
holding SG Class A Common Stock 100,000 08 Mar 2024 See footnote F6
holding SG Class A Common Stock 127,473 08 Mar 2024 By Family Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents bona fide gifts to the reporting person's children.
F2 The shares were sold pursuant to a 10b5-1 trading plan dated November 30, 2023.
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 are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2023.
F6 The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2023.