Sorensen Laura Anne 4

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.