Jammet Nicolas 4

What Happened Nicolas Jammet, Sweetgreen's Chief Concept Officer and a company director, received two awards on 2026-03-15: 53,846 restricted stock units (RSUs) and 76,923 derivative awards (options or option-like awards). Both grants were recorded at $0.00 per share (standard for equity awards); no cash changed hands on grant.

Key Details

• Transaction date: 2026-03-15; Form 4 filed 2026-03-17 (appears timely—filed within two business days).
• Awards: 53,846 non-derivative RSUs (acquired, $0.00) and 76,923 derivative awards (acquired, $0.00).
• Vesting: Both awards vest over three years measured from Feb 15, 2026 — 5% vest in quarterly installments in year 1, 7.5% per quarter-year in year 2, and 12.5% per quarter-year in year 3, subject to continued service (see footnotes F1 & F3).
• Holding vehicle: The shares are held by the Nicolas Jammet Revocable Trust dated Oct 7, 2016 (footnote F2).
• Shares owned after transaction: Not specified in the provided filing.

Context These were grants (award/acquisition), not purchases or exercises — meaning Jammet received future equity rights that vest over time. The derivative grant represents option-like rights that must vest before converting into stock; there was no immediate sale or cashless exercise reported. Grants like these are routine for executives and reflect compensation, not an open-market buy or sell.