Ayele Wouleta 4
4 · Sweetgreen, Inc. · Filed Nov 23, 2021
Insider Transaction Report
Form 4
Ayele Wouleta
Chief Technology Officer
Transactions
- Other
Common Stock
2021-11-22−150,000→ 0 total - Award
Stock Option (Right to Buy)
2021-08-19+250,000→ 250,000 totalExercise: $15.02Exp: 2031-08-18→ Common Stock (250,000 underlying) - Other
Stock Option (Right to Buy)
2031-11-22+250,000→ 250,000 totalExercise: $15.02Exp: 2021-08-18→ Class A Common Stock (250,000 underlying) - Award
Common Stock
2021-10-24+150,000→ 150,000 total - Other
Class A Common Stock
2021-11-22+150,000→ 150,000 total - Other
Stock Option (Right to Buy)
2021-11-22−250,000→ 0 totalExercise: $15.02Exp: 2031-08-18→ Common Stock (250,000 underlying)
Footnotes (3)
- [F1]Represents restricted stock units that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement will be met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement will be satisfied with respect to 25% of the shares on August 15, 2022 and with respect to the remainder of the shares in equal quarterly amounts over the following 36 months, subject to the reporting person's continuous service through each applicable vesting date.
- [F2]Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO.
- [F3]25% of the shares vest on August 17, 2022, the one-year anniversary of the vesting commencement date, with the remainder of the shares vesting in 36 equal monthly installments thereafter, subject to the recipient's continuous service through each applicable vesting date.