Nathaniel Ru - 15 May 2024 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
Chief Brand Officer, Director
Signature
/s/ Ashley Van, Attorney-in-Fact
Issuer symbol
SG
Transactions as of
15 May 2024
Net transactions value
-$4,695,375
Form type
4
Filing time
16 May 2024, 16:36:25 UTC
Previous filing
22 Nov 2023
Next filing
06 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Class A Common Stock Conversion of derivative security $0 +150,000 $0.000000 150,000 15 May 2024 See footnote F1, F2
transaction SG Class A Common Stock Sale $4,695,375 -150,000 -100% $31.30 0 15 May 2024 See footnote F2, F3
holding SG Class A Common Stock 2,121,899 15 May 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SG Class B Common Stock Conversion of derivative security $0 -150,000 -4.2% $0.000000 3,427,253 15 May 2024 Class A Common Stock 150,000 See footnote F1, F2
holding SG Class B Common Stock 180,904 15 May 2024 Class A Common Stock 180,904 See footnote F1, F5
holding SG Class B Common Stock 400,000 15 May 2024 Class A Common Stock 400,000 See footnote F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock.
F2 The shares are held by Nathaniel Ru Revocable Trust U/T/A dated October 7, 2016.
F3 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.30 to $31.69. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Includes 2,100,000 shares subject to restricted stock units that vest over time and if and to the extent the issuer's stock price reaches specified levels.
F5 The shares are held by Jonathan Neman, as Trustee of the Nathaniel Espinoza Ru 2014 GRAT.
F6 The shares are held by the Ru Descendants Trust U/T/A dated September 17, 2021.