Adrienne Gemperle - 12 Feb 2024 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Reporting relationship: CHIEF PEOPLE OFFICER
Issuer ticker: SG
Reported as of: 12 Feb 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Feb 2024, 21:22:18 UTC
Prior SEC filing: 20 Nov 2023
Next SEC filing: 21 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Ashley Van, Attorney-in-Fact

Key filing fact

Adrienne Gemperle filed Form 4 for Sweetgreen, Inc. (SG) on 14 Feb 2024.

Key facts

This page summarizes Adrienne Gemperle's Form 4 filing for Sweetgreen, Inc. (SG).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Feb 2024, 21:22.

Change

Previous filing in this sequence was filed on 20 Nov 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SG transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +18,930
Change %: +15%
Price: $0.000000
Shares after: 143,979
Date: 12 Feb 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SG transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +99,152
Change %
Price: $0.000000
Shares after: 99,152
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 99,152
Exercise price: $12.49
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 2 footnotes

Footnote F1

Represents the grant of restricted stock units ("RSUs") that vest as follows measured from February 15, 2024: (i) 5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.

Footnote F2

The shares subject to the option vest as follows measured from February 15, 2024: (i) 5% of the options will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the options will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the options will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.