William A. Kussell - 22 Apr 2024 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
22 Apr 2024
Net transactions value
-$185,359
Form type
4
Filing time
23 Apr 2024, 16:04:31 UTC
Previous filing
23 Jan 2024
Next filing
24 May 2024
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 $61,820 -2,796 -13% $22.11 17,999 22 Apr 2024 Direct F1, F2
transaction FWRG Common Stock Sale $123,539 -5,590 -31% $22.10 12,409 22 Apr 2024 Direct F1, F3
* 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 10b5-1 Trading Plan dated May 26, 2023.
F2 The price reported in Column 4 is a weighted average price for the 2,796 shares. The individual range of sale prices for this transaction is $21.86 to $22.64. 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.
F3 The price reported in Column 4 is a weighted average price for the 5,590 shares. The individual range of sale prices for this transaction is $21.86 to $22.65. 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.