BURROWS CLIFFORD 4
4 · Sweetgreen, Inc. · Filed Nov 23, 2021
Insider Transaction Report
Form 4
BURROWS CLIFFORD
Director
Transactions
- Other
Common Stock
2021-11-22−70,000→ 0 total - Other
Class A Common Stock
2021-11-22+70,000→ 70,000 total - Award
Common Stock
2021-10-24+10,000→ 70,000 total - Purchase
Class A Common Stock
2021-11-22$28.00/sh+8,928$249,984→ 78,928 total
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement was met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, 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]Includes 10,000 shares subject to RSUs.