Wolszczak Jay Anthony 4
4 · First Watch Restaurant Group, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
First Watch (FWRG) CLO Jay Wolszczak Sells 3,161 Shares
What Happened Jay Anthony Wolszczak, Chief Legal Officer, General Counsel & Secretary of First Watch Restaurant Group (FWRG), disposed of 3,161 shares on 2026-03-17. The shares were sold at a weighted-average price of $12.52 per share for total proceeds of approximately $39,576. This transaction was a sale (not a purchase) and, per the filing, was a mandatory sell-to-cover to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), not a discretionary trade by the reporting person.
Key Details
- Transaction date: 2026-03-17 (filed on Form 4: 2026-03-19; filing was within the usual two-business-day Form 4 window)
- Transaction type/code: Sale (S) — open market or private sale
- Shares sold: 3,161; weighted-average price reported: $12.52; price range across multiple trades: $11.98 to $12.70 (per footnote)
- Total proceeds allocated to the reporting person (pro rata): ~$39,576
- Footnotes: F1 — sale was mandatory by issuer to cover tax withholding on vested RSUs (not discretionary). F2 — weighted-average price reported; broker sold shares in multiple transactions at prices between $11.98 and $12.70; reporting person can provide breakout on request
- Shares owned after transaction: not stated in the provided filing
Context Sell-to-cover transactions tied to RSU vesting are routine administrative transactions to satisfy tax obligations and do not necessarily reflect the insider’s view of the company’s prospects. This filing reports a small, non-discretionary sale rather than an opportunistic insider sale.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-17$12.52/sh−3,161$39,576→ 228,930 total
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 $11.98 to $12.70, 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.