Hartman Eric Richard 4

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.