William A. Kussell - 25 May 2022 Form 4 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Role: Director
Signature: By: /s/ Jay Wolszczak, attorney-in-fact for William A. Kussell
Issuer symbol: FWRG
Transactions as of: 25 May 2022
Net transactions value: $0
Form type: 4
Filing time: 27 May 2022, 16:08:07 UTC
Previous filing: 01 Oct 2021
Next filing: 25 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FWRG	Common Stock	Award	$0	+6,854	+18%	$0.000000	45,240	25 May 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the grant by the Issuer of restricted stock units ("RSUs") to Mr. Kussell, which vest on May 25, 2023, subject to Mr. Kussell's continuous service through the vesting date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2	On October 5, 2021, AI Fresh Holdings Limited Partnership distributed to its limited partners, for no consideration, an aggregate of 48,170,596 shares of the Issuer's common stock, representing each such partner's pro-rata interest in such shares. The aforementioned distribution was made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934. Includes 38,386 shares of common stock beneficially owned by the Reporting Person immediately following such distribution.

Content

Represents the grant by the Issuer of restricted stock units ("RSUs") to Mr. Kussell, which vest on May 25, 2023, subject to Mr. Kussell's continuous service through the vesting date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

On October 5, 2021, AI Fresh Holdings Limited Partnership distributed to its limited partners, for no consideration, an aggregate of 48,170,596 shares of the Issuer's common stock, representing each such partner's pro-rata interest in such shares. The aforementioned distribution was made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934. Includes 38,386 shares of common stock beneficially owned by the Reporting Person immediately following such distribution.