First Watch Restaurant Group, Inc.·4

Mar 19, 4:07 PM ET

Tomasso Christopher Anthony 4

Research Summary

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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.