Wolszczak Jay Anthony 4

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.