4//SEC Filing
Hartman Eric Richard 4
Accession 0001789940-24-000054
CIK 0001789940other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 4:13 PM ET
Size
11.8 KB
Accession
0001789940-24-000054
Insider Transaction Report
Form 4
Hartman Eric Richard
Chief Development Officer
Transactions
- Sale
Common Stock
2024-03-12$24.50/sh−58,526$1,433,887→ 73,391 total - Sale
Common Stock
2024-03-12$24.43/sh−2,229$54,454→ 73,391 total - Exercise/Conversion
Common Stock
2024-03-12$8.45/sh+58,526$494,545→ 131,917 total - Exercise/Conversion
Stock Option (right to buy)
2024-03-12−58,526→ 186,625 totalExercise: $8.45Exp: 2027-08-21→ Common Stock (58,526 underlying)
Footnotes (4)
- [F1]Represents the number of shares sold by First Watch Restaurant Group, Inc. on behalf of the reporting owner, which sale is mandatory pursuant to First Watch Restaurant Group, Inc.'s policies to cover necessary tax withholding obligations in connection with the vesting of restricted stock units. Such sales do not represent a discretionary trade by the reporting owner.
- [F2]The price reported in Column 4 is a weighted average price for the 2,229 shares. The individual range of sale prices for this transaction is $24.26 to $24.43. 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.
- [F3]The price reported in Column 4 is a weighted average price for the 58,526 shares. The individual range of sale prices for this transaction is $24.50 to $24.57. 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.
- [F4]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 cancellation.
Documents
Issuer
First Watch Restaurant Group, Inc.
CIK 0001789940
Entity typeother
Related Parties
1- filerCIK 0001880268
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 4:13 PM ET
- Size
- 11.8 KB