HOPE H MELVILLE III 4

What Happened Hope H. Melville III, Chief Financial Officer and Treasurer of First Watch Restaurant Group, sold 3,878 shares on March 17, 2026, for total proceeds of $48,553. The Form 4 reports a weighted-average sale price of $12.52 per share; the sales were executed to satisfy tax-withholding obligations tied to the vesting of restricted stock units (RSUs), not as a discretionary trade.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (within the usual two-business-day reporting window).
• Shares sold: 3,878; reported weighted-average price: $12.52; total proceeds: $48,553.
• Price range: shares were sold in multiple transactions at prices from $11.98 to $12.70 (per footnote).
• Nature of sale: Mandatory "sell-to-cover" to satisfy tax withholding on RSU vesting (footnote F1); sale executed by broker/issuer and proceeds allocated pro rata to employees (footnote F2).
• Shares owned after transaction: not provided in the supplied filing excerpt.

Context These sales were routine sell-to-cover transactions associated with RSU vesting and are generally used solely to cover tax liabilities; they are not necessarily an indicator of the insider's view on the company. The filing notes the reporting person can provide a breakdown of the number of shares sold at each price upon request.