William A. Kussell - 28 Aug 2023 Form 4 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Role: Director
Signature: By: /s/ Jay Wolszczak, as attorney-in-fact
Issuer symbol: FWRG
Transactions as of: 28 Aug 2023
Net transactions value: -$193,849
Form type: 4
Filing time: 29 Aug 2023, 16:33:00 UTC
Previous filing: 25 May 2023
Next filing: 26 Dec 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	Sale	$193,849	-10,000	-20%	$19.38	40,795	28 Aug 2023	Direct	F1, F2

* 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	Transaction pursuant to a Rule 10b5-1 Trading Plan adopted May 26, 2023.
F2	The price reported is the weighted average sale price for the 10,000 shares. The individual range of sale prices for this transaction is $19.25 to $19.615. The reporting person undertakes to provide to First Watch Restaurant Group, Inc., any security holder of First Watch Restaurant Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range set forth in this Footnote.

Content

Transaction pursuant to a Rule 10b5-1 Trading Plan adopted May 26, 2023.

The price reported is the weighted average sale price for the 10,000 shares. The individual range of sale prices for this transaction is $19.25 to $19.615. The reporting person undertakes to provide to First Watch Restaurant Group, Inc., any security holder of First Watch Restaurant Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range set forth in this Footnote.