Cochran Jason Miles 4

What Happened

• Jason Miles Cochran, Sweetgreen’s Chief Operating Officer, was granted two awards on March 15, 2026: 76,923 restricted stock units (RSUs) and a derivative award (stock options) covering 109,890 shares. Both grants are reported with a $0.00 acquisition price (standard for awards) and were disclosed on Form 4 filed March 17, 2026.
• These are compensation awards (not open-market purchases or sales). There was no exercise or sale of shares reported — these are time‑based grants that will vest over multiple years according to the schedules below.

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (timely filing).
• Award amounts: 76,923 RSUs (grant) and 109,890 shares (derivative/option grant). Reported acquisition price: $0.00.
• Vesting (both grants measured from Feb 15, 2026):
  • Year 1: 5% of the award vests in quarterly installments.
  • Year 2: 7.5% vests in quarterly installments.
  • Year 3: 12.5% vests in quarterly installments.
  • Vesting is subject to continuous service through each vesting date (per footnotes F1 and F2).
• Shares owned after the transactions are not specified in the provided excerpt of the filing.
• The filing does not indicate any 10b5-1 plan, tax withholding withholding sale, or immediate cashless exercise.

Context

• These awards are standard long-term incentive grants intended to retain and align executives with shareholder interests; they do not reflect an immediate buy or sell decision by the insider.
• For retail investors, grants are informative about compensation and potential future dilution as awards vest and are settled, but they are not direct signals of the insider buying or selling stock today.