Jemley Charles 4

What Happened Jemley Charles, a director of First Watch Restaurant Group, Inc. (FWRG), was granted 12,345 restricted stock units (RSUs) on May 21, 2026. The Form 4 shows these were awarded at $0.00 (code A — award/grant). Each RSU is a contingent right to receive one share of common stock and the award will vest on May 21, 2027, subject to the Reporting Person’s continuous service through the vesting date. The filing records no immediate cash transaction — the award represents future compensation rather than a market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Form 4 filed 2026-05-22 (appears timely).
• Transaction type/code: A (award/grant).
• Amount: 12,345 RSUs acquired at $0.00 per unit.
• Vesting: May 21, 2027, subject to continuous service (footnote confirms 1 RSU = 1 contingent share).
• Post-transaction beneficial ownership: not specified in the provided filing.
• Filing timeliness: filed the day after the transaction — no late-filing flag in the provided data.

Context RSUs are a common form of equity compensation that convert into actual shares only if/when they vest; they do not necessarily indicate an insider buying or selling shares on market conviction. The ultimate value to the insider depends on First Watch’s share price at vesting and any applicable tax or withholding events. As a director-level award, this is primarily a compensation item rather than a direct trading signal.