Wolszczak Jay Anthony 4

What Happened

Jay Anthony Wolszczak, Chief Legal Officer, General Counsel & Secretary of First Watch Restaurant Group, sold 6,998 shares on 2026-03-10. The filing reports a weighted-average sale price of $12.59, resulting in proceeds of approximately $88,105. The sale was a mandatory sell-to-cover to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), not a discretionary open-market trade.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely).
• Transaction type/code: Sale (S).
• Shares sold: 6,998; weighted-average price: $12.59; sale price range: $12.40–$12.73 (sold in multiple transactions).
• Total proceeds (approx.): $88,105.
• Footnotes: F1 — sale was mandatory to cover tax withholding on RSU vesting; F2 — weighted-average price reflects multiple sale prices, and the filer can provide per-price breakdown on request.
• Shares owned after the transaction: not specified in the provided filing.

Context

Sell-to-cover transactions are common when RSUs vest and are generally routine tax withholding actions rather than expressions of bullish or bearish views by the insider. Retail investors typically weigh purchases by insiders more heavily than mandatory withholding sales when assessing insider sentiment.