Adrienne Gemperle - Aug 16, 2024 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
CHIEF PEOPLE OFFICER
Signature
/s/ Ashley Van, Attorney-in-Fact
Stock symbol
SG
Transactions as of
Aug 16, 2024
Transactions value $
-$348,372
Form type
4
Date filed
8/20/2024, 06:45 PM
Previous filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Class A Common Stock Sale -$140K -3.87K -3.26% $36.31 115K Aug 16, 2024 Direct F1, F2
transaction SG Class A Common Stock Sale -$205K -6.13K -5.15% $33.39 113K Aug 20, 2024 Direct F3, F4
transaction SG Class A Common Stock Sale -$3.41K -100 -0.09% $34.11 113K Aug 20, 2024 Direct F3
* 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 This sale was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $36.31 to $36.36. 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.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 31, 2023.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $33.11 to $34.10. 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.