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

Signature
/s/ Ashley Van, Attorney-in-Fact
Stock symbol
SG
Transactions as of
Aug 16, 2024
Transactions value $
-$652,448
Form type
4
Date filed
8/20/2024, 06:46 PM
Previous filing
May 23, 2024
Next filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Class A Common Stock Sale -$335K -9.16K -2.36% $36.61 379K Aug 16, 2024 Direct F1, F2
transaction SG Class A Common Stock Sale -$310K -9.3K -2.45% $33.39 370K Aug 20, 2024 Direct F3, F4
transaction SG Class A Common Stock Sale -$6.82K -200 -0.05% $34.10 370K Aug 20, 2024 Direct F3
transaction SG Class A Common Stock Gift $0 -9.19K -13.1% $0.00 61K Aug 20, 2024 See footnote F5
transaction SG Class A Common Stock Gift $0 +9.19K +7.21% $0.00 137K Aug 20, 2024 By Family Trust
transaction SG Class A Common Stock Gift $0 -9.19K -13.1% $0.00 61K Aug 20, 2024 See footnote F6
transaction SG Class A Common Stock Gift $0 +9.19K +6.72% $0.00 146K Aug 20, 2024 By Family Trust
transaction SG Class A Common Stock Gift $0 -20.1K -20.1% $0.00 79.9K Aug 20, 2024 See footnote F7
transaction SG Class A Common Stock Gift $0 +20.1K +13.78% $0.00 166K Aug 20, 2024 By Family Trust
transaction SG Class A Common Stock Gift $0 -20.1K -20.1% $0.00 79.9K Aug 20, 2024 See footnote F8
transaction SG Class A Common Stock Gift $0 +20.1K +12.11% $0.00 186K Aug 20, 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 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 $36.27 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 shares were sold pursuant to a 10b5-1 trading plan dated August 23, 2023.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $33.10 to $33.84. 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.
F5 The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2021.
F6 The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2021.
F7 The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2023.
F8 The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2023.