Tomasso Christopher Anthony 4
4 · First Watch Restaurant Group, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
First Watch (FWRG) CEO Christopher Tomasso Sells & Gifts Shares
What Happened Christopher Tomasso, President & CEO and a director of First Watch Restaurant Group (FWRG), had two transactions reported: a mandatory sale of 33,314 shares on March 10, 2026 at a weighted average price of $12.59 for proceeds of about $419,423, and a gift transfer of 71,768 shares on March 12, 2026 transferred for no consideration. The sale was a mandatory sell-to-cover tied to RSU vesting (not a discretionary open-market trade).
Key Details
- Dates and trades:
- 2026-03-10: Sale of 33,314 shares at a weighted avg price $12.59 (range $12.40–$12.73) — proceeds ≈ $419,423. (Footnotes F1, F2)
- 2026-03-12: Gift of 71,768 shares to Big Fish Investments LLC for no consideration. (Footnote F3)
- Ownership after transactions: Not specified in the filing.
- Footnotes of note:
- F1/F2: The sale was mandatory to cover tax withholding from RSU vesting; broker sold shares on employees’ behalf at multiple prices (weighted avg reported).
- F3: The gifted shares were transferred to Big Fish Investments LLC; Tomasso is sole manager of Big Fish and co-trustee of its sole member.
- F4: Tomasso disclaims beneficial ownership except to the extent of his pecuniary interest.
- Filing timeliness: Form 4 filed March 12, 2026 covering trades on March 10 and March 12; no late filing flag indicated.
Context
- The sale appears to be a routine sell-to-cover for RSU taxes (common and not necessarily a sell signal). Gifts are non‑market transactions and don’t directly indicate sentiment about the stock price.
- Useful takeaway for investors: purchases generally carry more informational weight than routine tax‑withholding sales; this filing primarily reflects RSU tax mechanics and an internal transfer to an entity managed by the reporting person.
Insider Transaction Report
Form 4
Tomasso Christopher Anthony
DirectorPresident and CEO
Transactions
- Sale
Common Stock
[F1][F2]2026-03-10$12.59/sh−33,314$419,423→ 1,054,145 total - Gift
Common Stock
[F3]2026-03-12−71,768→ 982,377 total
Holdings
- 71,768(indirect: By LLC)
Common Stock
[F4] - 500(indirect: By daughter)
Common Stock
Footnotes (4)
- [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.
- [F3]On March 12, 2026, the reporting person transferred 71,768 of Issuer common stock to Big Fish Investments LLC ("Big Fish") for no consideration. The reporting person is the sole manager of Big Fish and is the co-trustee, along with his spouse, of the sole member of Big Fish.
- [F4]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Signature
/s/ Jay Wolszczak, as attorney-in-fact|2026-03-12