Hartman Eric Richard 4

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

AI-generated summary of this filing

Updated Mar 19, 2026

First Watch (FWRG) Chief Development Officer Eric Hartman Sells 1,819 Shares

What Happened

Eric Hartman, Chief Development Officer of First Watch Restaurant Group, reported the disposition of 1,819 shares on 2026-03-17. The weighted average price reported was $12.52 per share, for total proceeds of approximately $22,774.
According to the filing, these sales were mandatory sell-to-cover transactions to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs), not discretionary open-market trades by the insider.

Key Details

Transaction date: 2026-03-17; Filing date: 2026-03-19 (appears to be within the normal Form 4 reporting window).
Reported weighted average price: $12.52; actual execution prices ranged from $11.98 to $12.70 across multiple trades (footnote).
Shares disposed: 1,819; proceeds ≈ $22,774.
Shares owned after transaction: not provided in the materials you supplied.
Notable footnotes:
- F1: Sale was conducted by the issuer to cover required tax withholding on RSU vesting — not a discretionary sale by the reporting person.
- F2: The $12.52 is a weighted average; broker executed multiple transactions at prices between $11.98 and $12.70 and allocated proceeds pro rata among employees. The reporting person can provide a price-by-price breakdown on request.

Context

Sell-to-cover transactions are routine administrative actions tied to equity award vesting and generally don’t indicate an insider’s view of the company’s prospects. Purchases are typically more informative about insider sentiment; this filing documents a tax-withholding sale rather than a voluntary divestiture.

Form 4

Period: 2026-03-17

Chief Development Officer

Transactions

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

1 file