Sorensen Laura Anne 4

What Happened
Laura Anne Sorensen, Chief People Officer of First Watch Restaurant Group (FWRG), disposed of 4,732 shares on 2026-03-10. The filing reports a weighted-average sale price of $12.59, producing proceeds of approximately $59,576. The sale was reported as an S (sale) transaction but, per the filing, was a mandatory sell-to-cover tied to restricted stock unit (RSU) vesting rather than a discretionary open-market trade.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely — within the usual two-business-day window).
• Shares sold: 4,732; weighted-average price: $12.59; total proceeds reported: $59,576.
• Price range: shares were sold in multiple transactions at prices ranging from $12.40 to $12.73 (footnote F2).
• Reason: Mandatory sell-to-cover to satisfy tax withholding obligations on RSU vesting (footnote F1). The filing states these sales were executed by the issuer/broker on behalf of employees and allocated pro rata.
• Filing notes: The reporting person can provide detailed per-price sale allocations on request. The sale is described as non-discretionary (not a voluntary trade).

Context
Sell-to-cover transactions occur when companies or brokers sell a portion of vested equity to cover taxes; these are routine administrative actions and do not necessarily signal the insider’s view on the company. For retail investors, purchases are generally more indicative of insider confidence; mandatory withholding sales are often neutral from a sentiment perspective.