Jones John Daniel 4

What Happened

• John Daniel Jones, Chief Operations Officer of First Watch Restaurant Group (FWRG), sold 1,697 shares on 2026-03-17 for a total of $21,246. The reported weighted-average price was $12.52 per share. The sale was a disposition (code S) and was done to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs), not a discretionary open-market trade.

Key Details

• Transaction date: 2026-03-17; Filing date: 2026-03-19 (timely Form 4 filing).
• Price: reported weighted average $12.52; actual sale prices ranged from $11.98 to $12.70 across multiple broker trades.
• Shares sold: 1,697; proceeds allocated pro rata among employees, including the reporting person.
• Shares owned after the transaction: not disclosed in the provided data.
• Footnotes: F1 notes the sale was mandatory to cover tax withholding for RSU vesting; F2 explains the weighted-average price and offers to provide a breakdown of shares sold at each price on request.
• Transaction code: S = Sale; this was a sell-to-cover for tax withholding (routine), not necessarily a signal of sentiment.

Context

• Sell-to-cover transactions accompany RSU vesting and are routine administrative actions to pay taxes; they generally do not reflect an insider actively reducing exposure for investment reasons.
• No indication of a 10% owner or a 10b5-1 trading plan in the filing.