First Watch Restaurant Group, Inc.·4

Mar 19, 4:07 PM ET

Tomasso Christopher Anthony 4

4 · First Watch Restaurant Group, Inc. · Filed Mar 19, 2026

Research Summary

AI-generated summary of this filing

Updated

First Watch (FWRG) CEO Christopher Tomasso Sells 25,062 Shares

What Happened

  • Tomasso Christopher Anthony (President & CEO, Director) disposed of 25,062 shares on 2026-03-17 in a sale reported on Form 4. The weighted average sale price was $12.52 per share, producing proceeds of approximately $313,776. This sale was to cover required tax withholding tied to the vesting of restricted stock units (RSUs), not a discretionary sell.

Key Details

  • Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (timely filing).
  • Price: weighted average $12.52; individual sale prices ranged from $11.98 to $12.70.
  • Shares sold: 25,062; total proceeds ≈ $313,776.
  • Shares owned after the transaction: not specified in the provided filing.
  • Footnotes: F1 indicates the issuer sold shares on the reporting owner’s behalf to satisfy tax withholding for RSU vesting (mandatory). F2 notes the weighted-average price and that sales occurred in multiple transactions with proceeds allocated pro rata to employees; the reporting person can provide a breakdown of shares sold at each price on request.
  • Transaction code: S (Sale); footnote indicates tax-withholding / sell-to-cover (routine), not a discretionary sale.

Context

  • “Sell-to-cover” transactions are common when RSUs vest: the company (or broker) sells a portion of the vested shares to cover taxes. These transactions are generally administrative and do not necessarily signal the insider’s view on the company’s stock.

Insider Transaction Report

Form 4
Period: 2026-03-17
Tomasso Christopher Anthony
DirectorPresident and CEO
Transactions
  • Sale

    Common Stock

    [F1][F2]
    2026-03-17$12.52/sh25,062$313,776957,315 total
Holdings
  • Common Stock

    (indirect: By LLC)
    71,768
  • Common Stock

    (indirect: By daughter)
    500
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.
Signature
/s/ Jay Wolszczak, as attorney-in-fact|2026-03-19

Documents

1 file
  • 4
    wk-form4_1773950828.xmlPrimary

    FORM 4