Tomasso Christopher Anthony 4

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.