Mitch Reback - 15 Mar 2025 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Ashley Van, Attorney-in-Fact
Issuer symbol
SG
Transactions as of
15 Mar 2025
Net transactions value
-$174,194
Form type
4
Filing time
18 Mar 2025, 19:00:09 UTC
Previous filing
19 Feb 2025
Next filing
16 Apr 2025
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 Award $0 +10,077 +2.9% $0.000000 354,132 15 Mar 2025 Direct F1
transaction SG Class A Common Stock Sale $97,794 -4,109 -1.2% $23.80 350,023 17 Mar 2025 Direct F2
transaction SG Class A Common Stock Options Exercise $19,120 +4,000 +1.1% $4.78 354,023 17 Mar 2025 Direct
transaction SG Class A Common Stock Sale $95,520 -4,000 -1.1% $23.88 350,023 17 Mar 2025 Direct F3, F4
holding SG Class A Common Stock 60,979 15 Mar 2025 See footnote F5
holding SG Class A Common Stock 60,979 15 Mar 2025 See footnote F6
holding SG Class A Common Stock 186,051 15 Mar 2025 By Family Trust
holding SG Class A Common Stock 43,901 15 Mar 2025 See footnote F7
holding SG Class A Common Stock 43,901 15 Mar 2025 See footnote F8

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 Stock Option (Right to Buy) Award $0 +68,728 $0.000000 68,728 15 Mar 2025 Class A Common Stock 68,728 $23.80 Direct F9
transaction SG Stock Option (Right to Buy) Options Exercise $0 -4,000 -5.8% $0.000000 65,250 17 Mar 2025 Class A Common Stock 4,000 $4.78 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the grant of fully vested Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock upon settlement.
F2 This sale was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F3 The shares were sold pursuant to a 10b5-1 trading plan dated September 9, 2024.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $23.37 to $24.29. 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.
F5 The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2021.
F6 The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2021.
F7 The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2023.
F8 The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2023.
F9 The options vests quarterly over 3 years with 5% of the shares subject to the option vesting quarterly in the first year, 7.5% of the shares subject to the option vesting quarterly in the second year and 12.5% of the shares subject to the option vesting quarterly in the third year, subject to the reporting person's continuous service through each applicable vesting date.
F10 Fully vested.