Jay Wolszczak - Mar 15, 2024 Form 4 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Signature
By: /s/ Jay Wolszczak
Stock symbol
FWRG
Transactions as of
Mar 15, 2024
Transactions value $
-$237,600
Form type
4
Date filed
3/18/2024, 04:05 PM
Previous filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRG Common Stock Options Exercise $127K +15K +34.47% $8.45 58.5K Mar 15, 2024 Direct
transaction FWRG Common Stock Sale -$364K -15K -25.64% $24.29 43.5K Mar 15, 2024 Direct F1

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 FWRG Stock Option (right to buy) Options Exercise $0 -15K -8.45% $0.00 163K Mar 15, 2024 Common Stock 15K $8.45 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price for the 15,000 shares. The individual range of sale prices for this transaction is $24.28 to $24.37. The reporting owner 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.
F2 The stock options representing a right to purchase a total of 177,570 shares, became partially exercisable, as follows: (a) 21,309 stock options vested on July 18, 2019, (b) 21,309 stock options vested on July 18, 2020, (c) 21,308 stock options vested on July 18, 2021, (d) 21,308 stock options vested on July 18, 2022, (e) 23,676 stock options vested on October 1, 2022, (f) 21,308 stock options vested on July 18, 2023, and (g) 23,676 stock options vested on October 1, 2023. 23,676 stock options will vest on June 30, 2024, subject to earlier forfeiture or cancellation.