Hartman Eric Richard 4
4 · First Watch Restaurant Group, Inc. · Filed Mar 6, 2024
Insider Transaction Report
Form 4
Hartman Eric Richard
Chief Development Officer
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2024-03-06−1,474→ 245,151 totalExercise: $8.45Exp: 2027-08-21→ Common Stock (1,474 underlying) - Exercise/Conversion
Common Stock
2024-03-06$8.45/sh+1,474$12,455→ 52,891 total - Sale
Common Stock
2024-03-06$25.03/sh−1,474$36,896→ 51,417 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price for the 1,474 shares. The individual range of sale prices for this transaction is $25.000 to $25.055. 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.
- [F2]The stock options, representing a right to purchase a total of 246,625 shares, became partially exercisable as follows: (a) 29,595 stock options vested on August 31, 2018, (b) 29,595 stock options vested on August 31, 2019, (c) 29,595 stock options vested on August 31, 2020, (d) 29,595 stock options vested on August 31, 2021, (e) 29,595 stock options vested on August 31, 2022, (f) 32,883 stock options vested on October 1, 2022 and (g) 32,883 stock options vested on October 1, 2023. 32,884 stock options are scheduled to vest and become exercisable on June 30, 2024, subject to earlier forfeiture or acceleration.