First Watch insider plans 6,165-share Rule 144 sale

First Watch Restaurant Group insider plans a small stock sale under Rule 144.

Rhea-AI Filing Summary

First Watch Restaurant Group insider plans a small stock sale under Rule 144. The notice covers 6,165 shares of common stock to be sold through UBS Financial Services on NASDAQ, with an aggregate market value of 104,805 and 61,032,105 common shares outstanding. The shares to be sold were acquired on 01/22/2026 by exercising a stock option for cash on the same date. The form also notes that the same seller, William Kussell, sold 6,165 common shares on 12/09/2025 for gross proceeds of 104,805 during the prior three months.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for FWRG disclose?

The Form 144 filing discloses that an insider intends to sell 6,165 shares of First Watch Restaurant Group common stock under Rule 144 through UBS Financial Services on NASDAQ.

How many FWRG shares are covered by this planned Rule 144 sale?

The planned Rule 144 sale covers 6,165 shares of First Watch Restaurant Group common stock, with an aggregate market value of 104,805 as stated in the filing.

How many First Watch (FWRG) shares are outstanding in this filing?

The filing reports that there are 61,032,105 shares of common stock outstanding for First Watch Restaurant Group.

How were the FWRG shares being sold under Form 144 acquired?

The 6,165 shares being sold were acquired on 01/22/2026 through the exercise of a stock option from the issuer, with the purchase price paid in cash on the same date.

Has this insider sold FWRG shares in the last three months?

Yes. The filing states that William Kussell sold 6,165 common shares of First Watch Restaurant Group on 12/09/2025, generating gross proceeds of 104,805.

Which broker and exchange are involved in this FWRG Form 144 sale?

The planned sale will be executed through UBS Financial Services, Inc. on the NASDAQ stock market, as indicated in the securities information section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/22/2026 - 04:01 PM EST Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001518338
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	First Watch Restaurant Group, Inc.
SEC File Number	001-40866
Address of Issuer	8725 PENDERY PLACE, SUITE 201 BRADENTON FLORIDA 34201
Phone	941-907-9800
Name of Person for Whose Account the Securities are To Be Sold	Kussell William A
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	UBS Financial Services, Inc. 11 Madison Avenue 4th Floor New York NY 10010	6165	104805.00	61032105	01/22/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/22/2026	Exercise of Stock Option	Issuer			6165	01/22/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
William Kussell 8725 PENDERY PLACE, SUITE 201 Bradenton FL 34201	Common	12/09/2025	6165	104805.00

144: Remarks and Signature

Remarks
Date of Notice	01/22/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/09/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ UBS Financial Services Inc, as attorney-in-fact for William Kussell
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)