Laura Anne Sorensen - Mar 9, 2023 Form 4 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Role: Chief People Officer
Signature: By: /s/ Jay Wolszczak, as attorney-in-fact
Stock symbol: FWRG
Transactions as of: Mar 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/13/2023, 04:47 PM
Previous filing: Mar 29, 2022
Next filing: Mar 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FWRG	Common Stock	Award	$0	+22.6K	+88.12%	$0.00	48.1K	Mar 9, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units which vest in three equal annual installments beginning on March 9, 2024, subject to earlier forfeiture or acceleration.
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 25,591 shares of common stock beneficially owned by the Reporting Person immediately following such distribution.

Content

Represents restricted stock units which vest in three equal annual installments beginning on March 9, 2024, subject to earlier forfeiture or acceleration.

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 25,591 shares of common stock beneficially owned by the Reporting Person immediately following such distribution.