Tipograph Rachel K 4

What Happened
Rachel K. Tipograph, a director of First Watch Restaurant Group, Inc. (FWRG), was granted 12,345 restricted stock units (RSUs) on May 21, 2026. The RSUs were reported at $0.00 acquisition price (standard for equity awards); each RSU represents a contingent right to one share of common stock and will convert to shares if and when the RSUs vest.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-22 (timely; Form 4s are generally due within two business days).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 12,345 RSUs; reported acquisition price: $0.00 (no cash paid at grant).
• Vesting: RSUs vest on May 21, 2027 subject to continuous service through that date (per filing footnote).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context
RSU grants are a common form of compensation for directors and executives; they are not an immediate market purchase or sale. The economic value will depend on First Watch’s share price at vesting and whether the recipient remains employed/serving through the vesting date. No indication of sale, exercise, or tax-withholding in this filing.