Eisenacher Matthew 4

What Happened
Matthew Eisenacher, Chief Brand Officer of First Watch Restaurant Group (FWRG), sold 2,760 shares of company stock on March 17, 2026, for a reported weighted-average price of $12.52 per share, generating approximately $34,555 in proceeds. This was a sale (not a purchase) and was executed as a mandatory sell-to-cover tied to the vesting of restricted stock units — not an independent, discretionary trade.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely per Form 4 rules).
• Reported shares sold: 2,760 at a weighted-average price of $12.52; total proceeds ≈ $34,555.
• Footnote F1: Sale was mandatory by the issuer to cover tax withholding obligations from RSU vesting — not a discretionary sale by the insider.
• Footnote F2: The $12.52 figure is a weighted average of multiple broker sales executed at prices ranging from $11.98 to $12.70; proceeds were allocated pro rata among employees. The filer can provide a detailed price breakdown on request.
• Shares owned after the transaction: Not disclosed in the provided filing.

Context
Sell-to-cover transactions are routine administrative sales that occur when restricted stock units vest and shares must be sold to satisfy tax withholding. They generally do not signal the insider’s discretionary view of the company’s stock price.