Cochran Jason Miles 4

What Happened Jason Cochran, Chief Operating Officer of Sweetgreen, sold 15,038 shares on May 18, 2026. The shares were sold at a weighted average price of $7.99 per share (range $7.9902–$7.9904), for total proceeds of about $120,158. This was a sale (not a purchase) and was executed to satisfy a tax withholding obligation rather than as a discretionary trade.

Key Details

• Transaction date: 2026-05-18; Form 4 filed: 2026-05-19 (timely filing).
• Transaction type: Sale (code S); 15,038 shares sold.
• Price: Weighted average $7.99; individual sales ranged $7.9902–$7.9904.
• Total proceeds: ~$120,158.
• Shares owned after transaction: Not specified in the provided filing information.
• Notable footnotes:
  • F1: Sale was mandated by the issuer’s election under its equity incentive plans to satisfy tax withholding via a “sell to cover” and does not represent a discretionary trade.
  • F2: Price reported is a weighted average; reporting person can provide per-trade breakdown on request.

Context Sell-to-cover transactions are common when companies withhold shares to cover taxes on equity awards; they generally reflect tax settlement mechanics rather than a CEO/COO signaling a view on the company’s stock. Because this sale was required to satisfy withholding under the company’s plan (per F1), it should be treated as administrative rather than an expression of insider sentiment.