Jonathan Neman - Dec 9, 2024 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Signature
/s/ Ashley Van, Attorney-in-Fact
Stock symbol
SG
Transactions as of
Dec 9, 2024
Transactions value $
-$1,973,466
Form type
4
Date filed
12/11/2024, 06:00 PM
Previous filing
Dec 9, 2024
Next filing
Dec 16, 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 +51.1K $0.00 51.1K Dec 9, 2024 See footnote F1, F2
transaction SG Class A Common Stock Sale -$893K -24K -46.88% $37.24 27.2K Dec 9, 2024 See footnote F2, F3, F4
transaction SG Class A Common Stock Sale -$270K -7.11K -26.18% $37.91 20.1K Dec 9, 2024 See footnote F2, F3, F5
transaction SG Class A Common Stock Sale -$108K -2.73K -13.61% $39.52 17.3K Dec 9, 2024 See footnote F2, F3, F6
transaction SG Class A Common Stock Sale -$534K -13.2K -76.4% $40.32 4.09K Dec 9, 2024 See footnote F2, F3, F7
transaction SG Class A Common Stock Sale -$149K -3.59K -87.77% $41.46 500 Dec 9, 2024 See footnote F2, F3, F8
transaction SG Class A Common Stock Sale -$21.2K -500 -100% $42.39 0 Dec 9, 2024 See footnote F2, F3, F9
holding SG Class A Common Stock 1.93M Dec 9, 2024 Direct F10
holding SG Class A Common Stock 944K Dec 9, 2024 See footnote F11
holding SG Class A Common Stock 50K Dec 9, 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 -51.1K -1.42% $0.00 3.56M Dec 9, 2024 Class A Common Stock 51.1K See footnote F1, F2
holding SG Class B Common Stock 177K Dec 9, 2024 Class A Common Stock 177K See footnote F1, F12
holding SG Class B Common Stock 500K Dec 9, 2024 Class A Common Stock 500K See footnote F1, F13
* 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 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 shares were sold pursuant to a 10b5-1 plan dated June 10, 2024.
F4 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $36.72 to $37.71. 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 price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $37.72 to $38.61. 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.
F6 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.95 to $39.75. 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.
F7 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.99 to $40.98. 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.
F8 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $40.99 to $41.95. 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.
F9 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $42.23 to $42.50. 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.
F10 Includes 1,800,000 shares subject to restricted stock units that vest over time and if and to the extent the issuer's stock price reaches specified levels.
F11 The shares are held by the JDRB Trust.
F12 The shares are held by Nicolas H. Jammet, as Trustee of the Jonathan Neman 2014 GRAT.
F13 The shares are held by the Neman Descendants Trust U/T/A dated September 3, 2021.