ADVENT INTERNATIONAL, L.P. - 08 Sep 2025 Form 4 Insider Report for First Watch Restaurant Group, Inc. (FWRG)

Reporting relationship: 10%+ Owner
Issuer ticker: FWRG
Reported as of: 08 Sep 2025
Net transaction value: -$77,748,000
SEC form: 4
Accepted by SEC: 10 Sep 2025, 17:32:21 UTC
Prior SEC filing: 12 Aug 2025
Next SEC filing: 12 Nov 2025
Source filing: View source filing
Reporting owner signature: ADVENT INTERNATIONAL, L.P., By: Advent International GP, LLC, its General Partner, By: /s/ Neil Crawford, Name: Neil Crawford, Title: Vice President of Finance

Key filing fact

ADVENT INTERNATIONAL, L.P. filed Form 4 for First Watch Restaurant Group, Inc. (FWRG) on 10 Sep 2025.

Key facts

This page summarizes ADVENT INTERNATIONAL, L.P.'s Form 4 filing for First Watch Restaurant Group, Inc. (FWRG).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 10 Sep 2025, 17:32.

Change

Previous filing in this sequence was filed on 12 Aug 2025.
Current net transaction value: -$77,748,000.

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

Reporting Owners (2)

CIK 0001034196 Primary reporting owner

ADVENT INTERNATIONAL, L.P.

Relationship: 10%+ Owner
Address: PRUDENTIAL TOWER,, 800 BOYLSTON STREET, SUITE 3300, BOSTON
Signature: ADVENT INTERNATIONAL, L.P., By: Advent International GP, LLC, its General Partner, By: /s/ Neil Crawford, Name: Neil Crawford, Title: Vice President of Finance
Signature date: 10 Sep 2025

CIK 0001984045

ADVENT INTERNATIONAL GP, LLC

Relationship: 10%+ Owner
Address: PRUDENTIAL TOWER,, 800 BOYLSTON STREET, SUITE 3300, BOSTON
Signature: ADVENT INTERNATIONAL GP, LLC, By: /s/ Neil Crawford, Name: Neil Crawford, Title: Vice President of Finance
Signature date: 10 Sep 2025

Reported non-derivative transactions

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

FWRG transaction

Common Stock

Sale

Transaction value: $77,748,000
Shares: -4,400,000
Change %: -45%
Price: $17.67
Shares after: 5,289,784
Date: 08 Sep 2025
Ownership: See footnotes
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

ADVENT INTERNATIONAL, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

See Exhibit 99.1 for text of footnote (1).

SEC remarks

Exhibit 99.1 (Footnotes to Form 4) is incorporated by reference.