Sorensen Laura Anne 4
4 · First Watch Restaurant Group, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
First Watch (FWRG) CPO Laura Sorensen Sells 1,697 Shares
What Happened Laura Anne Sorensen, Chief People Officer of First Watch Restaurant Group, sold 1,697 shares of FWRG on March 17, 2026. The reported weighted-average price was $12.52, for aggregate proceeds of $21,246. This sale was a disposition (transaction code S) tied to mandatory sell-to-cover tax withholding for vested restricted stock units, not a discretionary trade.
Key Details
- Transaction date: 2026-03-17; Form 4 filed 2026-03-19 (appears timely).
- Shares sold: 1,697; reported weighted-average price: $12.52; proceeds: $21,246.
- Price range: shares were sold in multiple transactions at prices from $11.98 to $12.70 (footnote F2).
- Reason: Mandatory sell-to-cover for tax withholding on RSU vesting (footnote F1); sale executed by issuer/broker on behalf of employees.
- Shares owned after transaction: not specified in the provided filing.
Context Mandatory sell-to-cover transactions occur when employers or brokers sell a portion of vested RSUs to satisfy taxes; they are routine and do not necessarily indicate insider sentiment. Footnote F2 notes the weighted-average price reflects multiple sales allocated pro rata among employees, and the reporting person can provide detailed price breakdowns on request.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-17$12.52/sh−1,697$21,246→ 237,353 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.