Hartman Eric Richard 4

4 · First Watch Restaurant Group, Inc. · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

First Watch (FWRG) CDO Eric Hartman Sells 4,820 Shares

What Happened

Eric Hartman, Chief Development Officer of First Watch Restaurant Group (FWRG), had 4,820 shares sold on March 10, 2026 at a weighted average price of $12.59, generating proceeds of approximately $60,684. The transaction is reported as a sale (S) and was executed to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs), not a discretionary cash-sale trade by the insider.

Key Details

Transaction date: March 10, 2026
Price: weighted average $12.59 per share; actual sale prices ranged from $12.40 to $12.73 (multiple broker trades)
Shares sold: 4,820; Proceeds: ~$60,684
Shares owned after transaction: not specified in this Form 4
Footnotes: F1—sale was mandatory to cover tax withholding for RSU vesting; F2—weighted average price reflects multiple trades and proceeds were allocated pro rata among employees; reporting person can provide per-price breakdown on request
Filing timeliness: Report filed March 12, 2026 (transaction reported within the usual SEC two-business-day window)

Context

This was a mandatory sell-to-cover associated with RSU vesting (tax withholding), which is a routine administrative transaction and does not necessarily indicate an insider’s change in view about the company.

Form 4

Period: 2026-03-10

Chief Development Officer

Transactions

Footnotes (2)

[F1]Represents the number of shares sold by Issuer on behalf of the reporting owner, which sale is mandatory pursuant to Issuer'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 represents the weighted average price of the common stock sold by the broker on behalf of the employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of restricted stock units. These shares were sold in multiple transactions at prices ranging from $12.40 to $12.73, inclusive. The proceeds of all such sales were allocated to the employees, including the reporting person, on a pro rata basis. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

Signature

/s/ Jay Wolszczak, as attorney-in-fact|2026-03-12

1 file