Jonathan Neman - May 15, 2024 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Ashley Van, Attorney-in-Fact
Stock symbol
SG
Transactions as of
May 15, 2024
Transactions value $
-$6,260,500
Form type
4
Date filed
5/16/2024, 04:38 PM
Previous filing
Mar 4, 2024
Next filing
Jun 6, 2024

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 +200K $0.00 200K May 15, 2024 See footnote F1, F2
transaction SG Class A Common Stock Sale -$6.26M -200K -100% $31.30 0 May 15, 2024 See footnote F2, F3
holding SG Class A Common Stock 2.1M May 15, 2024 Direct F4
holding SG Class A Common Stock 944K May 15, 2024 See footnote F5
holding SG Class A Common Stock 50K May 15, 2024 By spouse

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 -200K -5.12% $0.00 3.71M May 15, 2024 Class A Common Stock 200K See footnote F1, F2
holding SG Class B Common Stock 177K May 15, 2024 Class A Common Stock 177K See footnote F1, F6
holding SG Class B Common Stock 500K May 15, 2024 Class A Common Stock 500K See footnote F1, F7
* 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 Jonathan Neman 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 $31.30 to $31.69. 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 Represents 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 the JDRB Trust.
F6 The shares are held by Nicolas H. Jammet, as Trustee of the Jonathan Neman 2014 GRAT.
F7 The shares are held by the Neman Descendants Trust U/T/A dated September 3, 2021.