Hartman Eric Richard 4

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.