[144] First Watch Restaurant Group, Inc. SEC Filing
Form 144 notice for First Watch Restaurant Group, Inc. (FWRG) reports a proposed sale of 4,400,000 shares of common stock through BofA Securities, Inc. The filing lists an aggregate market value of $77,748,000 for the shares and shows 61,023,971 shares outstanding, so the block equals approximately 7.21% of outstanding shares. The securities were acquired on 08/21/2017 in a merger transaction by funds affiliated with the filer, totaling 46,739,784 shares acquired then, with the payment described as cash. The approximate date of sale is listed as 09/08/2025. The filer certifies no undisclosed material adverse information and notes no sales in the past three months.
Avviso Modulo 144 relativo a First Watch Restaurant Group, Inc. (FWRG) segnala la proposta di vendita di 4.400.000 azioni ordinarie tramite BofA Securities, Inc. La comunicazione indica un valore di mercato complessivo di $77.748.000 per le azioni e riporta 61.023.971 azioni in circolazione, quindi il blocco rappresenta circa il 7,21% delle azioni in circolazione. I titoli sono stati acquisiti il 21/08/2017 in una operazione di fusione da fondi collegati al dichiarante, per un totale di 46.739.784 azioni ottenute allora, con pagamento descritto come in contanti. La data approssimativa di vendita è indicata come 08/09/2025. Il dichiarante conferma l'assenza di informazioni materiali non divulgate e segnala che non ci sono state vendite negli ultimi tre mesi.
Aviso del Formulario 144 para First Watch Restaurant Group, Inc. (FWRG) informa sobre la propuesta de venta de 4.400.000 acciones ordinarias a través de BofA Securities, Inc. La presentación señala un valor de mercado agregado de $77.748.000 para las acciones y muestra 61.023.971 acciones en circulación, por lo que el bloque equivale aproximadamente al 7,21% de las acciones en circulación. Los valores fueron adquiridos el 21/08/2017 en una transacción de fusión por fondos afiliados al declarante, que adquirieron entonces un total de 46.739.784 acciones, con el pago descrito como en efectivo. La fecha aproximada de venta figura como 08/09/2025. El declarante certifica que no existe información material no divulgada y señala que no se han realizado ventas en los últimos tres meses.
Form 144 통지 — First Watch Restaurant Group, Inc. (FWRG)는 BofA Securities, Inc.를 통해 보통주 4,400,000주 매도를 제안한다고 보고합니다. 제출서류는 해당 주식의 총 시가총액 $77,748,000를 기재하고 있으며 발행주식수는 61,023,971주로, 이번 매도물량은 발행주식의 약 7.21%에 해당합니다. 해당 증권은 2017-08-21 합병 거래에서 신고인 계열 펀드에 의해 취득되었고 당시 총 46,739,784주가 취득되었으며, 대금은 현금으로 지급된 것으로 설명되어 있습니다. 예상 매도일은 2025-09-08로 기재되어 있습니다. 신고인은 공개되지 않은 중요한 정보가 없음을 증명하며, 지난 3개월간 매도 내역이 없음을 명시합니다.
Avis Formulaire 144 pour First Watch Restaurant Group, Inc. (FWRG) signale la proposition de vente de 4 400 000 actions ordinaires par l'intermédiaire de BofA Securities, Inc. Le dépôt indique une valeur de marché agrégée de 77 748 000 $ pour ces actions et mentionne 61 023 971 actions en circulation, de sorte que le bloc représente environ 7,21 % des actions en circulation. Les titres ont été acquis le 21/08/2017 dans le cadre d'une opération de fusion par des fonds affiliés au déclarant, totalisant alors 46 739 784 actions acquises, le paiement étant décrit comme en espèces. La date approximative de vente est indiquée au 08/09/2025. Le déclarant certifie qu'il n'existe aucune information défavorable matérielle non divulguée et précise qu'aucune vente n'a eu lieu au cours des trois derniers mois.
Formular-144-Mitteilung für First Watch Restaurant Group, Inc. (FWRG) meldet einen geplanten Verkauf von 4.400.000 Stammaktien über BofA Securities, Inc. Die Einreichung nennt einen aggregierten Marktwert von $77.748.000 für die Aktien und weist 61.023.971 ausstehende Aktien aus, sodass das Paket etwa 7,21% der ausstehenden Aktien entspricht. Die Wertpapiere wurden am 21.08.2017 im Rahmen einer Fusionstransaktion von mit dem Einreicher verbundenen Fonds erworben; damals wurden insgesamt 46.739.784 Aktien erworben, die Zahlung erfolgte in Bargeld. Das ungefähre Verkaufsdatum ist mit 08.09.2025 angegeben. Der Einreicher bestätigt, dass keine nicht offengelegten, wesentlichen Informationen vorliegen, und vermerkt, dass in den letzten drei Monaten keine Verkäufe stattgefunden haben.
- Broker disclosed: Execution will be handled by BofA Securities, Inc., providing a clear market intermediary
- Acquisition payment documented: Original acquisition was paid in cash, per the filing
- Filer certification: Filer represents no undisclosed material adverse information regarding the issuer
- Large block: Proposed sale of 4,400,000 shares equals approximately 7.21% of outstanding shares
- Concentration: The filer’s historical position was large (acquired 46,739,784 shares on 08/21/2017), and a substantial portion is being moved
Insights
TL;DR: A significant insider-related block of 4.4M shares (~7.21% of float) is planned to be sold via BofA on 09/08/2025.
The filing documents a Rule 144 notice for the proposed sale of 4,400,000 common shares through BofA Securities. The seller originally acquired a much larger position (46,739,784 shares) on 08/21/2017 in a merger, paid in cash, and now intends to dispose of a portion. The block’s stated aggregate market value is $77.75 million and represents ~7.21% of the issuer’s 61,023,971 outstanding shares. No sales were reported in the past three months and the filer affirms no undisclosed material adverse information.
TL;DR: The Form 144 signals an orderly disposition under Rule 144 of a sizable position acquired in 2017; disclosure is routine but material in size.
The notice shows the securities to be sold were acquired in a merger transaction by funds affiliated with the filer on 08/21/2017, with payment in cash. The filing names the executing broker and provides an approximate sale date of 09/08/2025. The filer makes the required representation regarding public disclosure of material information and notes no aggregated sales in the prior three months. The disclosure is consistent with Rule 144 procedures for restricted or control securities.
Avviso Modulo 144 relativo a First Watch Restaurant Group, Inc. (FWRG) segnala la proposta di vendita di 4.400.000 azioni ordinarie tramite BofA Securities, Inc. La comunicazione indica un valore di mercato complessivo di $77.748.000 per le azioni e riporta 61.023.971 azioni in circolazione, quindi il blocco rappresenta circa il 7,21% delle azioni in circolazione. I titoli sono stati acquisiti il 21/08/2017 in una operazione di fusione da fondi collegati al dichiarante, per un totale di 46.739.784 azioni ottenute allora, con pagamento descritto come in contanti. La data approssimativa di vendita è indicata come 08/09/2025. Il dichiarante conferma l'assenza di informazioni materiali non divulgate e segnala che non ci sono state vendite negli ultimi tre mesi.
Aviso del Formulario 144 para First Watch Restaurant Group, Inc. (FWRG) informa sobre la propuesta de venta de 4.400.000 acciones ordinarias a través de BofA Securities, Inc. La presentación señala un valor de mercado agregado de $77.748.000 para las acciones y muestra 61.023.971 acciones en circulación, por lo que el bloque equivale aproximadamente al 7,21% de las acciones en circulación. Los valores fueron adquiridos el 21/08/2017 en una transacción de fusión por fondos afiliados al declarante, que adquirieron entonces un total de 46.739.784 acciones, con el pago descrito como en efectivo. La fecha aproximada de venta figura como 08/09/2025. El declarante certifica que no existe información material no divulgada y señala que no se han realizado ventas en los últimos tres meses.
Form 144 통지 — First Watch Restaurant Group, Inc. (FWRG)는 BofA Securities, Inc.를 통해 보통주 4,400,000주 매도를 제안한다고 보고합니다. 제출서류는 해당 주식의 총 시가총액 $77,748,000를 기재하고 있으며 발행주식수는 61,023,971주로, 이번 매도물량은 발행주식의 약 7.21%에 해당합니다. 해당 증권은 2017-08-21 합병 거래에서 신고인 계열 펀드에 의해 취득되었고 당시 총 46,739,784주가 취득되었으며, 대금은 현금으로 지급된 것으로 설명되어 있습니다. 예상 매도일은 2025-09-08로 기재되어 있습니다. 신고인은 공개되지 않은 중요한 정보가 없음을 증명하며, 지난 3개월간 매도 내역이 없음을 명시합니다.
Avis Formulaire 144 pour First Watch Restaurant Group, Inc. (FWRG) signale la proposition de vente de 4 400 000 actions ordinaires par l'intermédiaire de BofA Securities, Inc. Le dépôt indique une valeur de marché agrégée de 77 748 000 $ pour ces actions et mentionne 61 023 971 actions en circulation, de sorte que le bloc représente environ 7,21 % des actions en circulation. Les titres ont été acquis le 21/08/2017 dans le cadre d'une opération de fusion par des fonds affiliés au déclarant, totalisant alors 46 739 784 actions acquises, le paiement étant décrit comme en espèces. La date approximative de vente est indiquée au 08/09/2025. Le déclarant certifie qu'il n'existe aucune information défavorable matérielle non divulguée et précise qu'aucune vente n'a eu lieu au cours des trois derniers mois.
Formular-144-Mitteilung für First Watch Restaurant Group, Inc. (FWRG) meldet einen geplanten Verkauf von 4.400.000 Stammaktien über BofA Securities, Inc. Die Einreichung nennt einen aggregierten Marktwert von $77.748.000 für die Aktien und weist 61.023.971 ausstehende Aktien aus, sodass das Paket etwa 7,21% der ausstehenden Aktien entspricht. Die Wertpapiere wurden am 21.08.2017 im Rahmen einer Fusionstransaktion von mit dem Einreicher verbundenen Fonds erworben; damals wurden insgesamt 46.739.784 Aktien erworben, die Zahlung erfolgte in Bargeld. Das ungefähre Verkaufsdatum ist mit 08.09.2025 angegeben. Der Einreicher bestätigt, dass keine nicht offengelegten, wesentlichen Informationen vorliegen, und vermerkt, dass in den letzten drei Monaten keine Verkäufe stattgefunden haben.
FAQ
What shares does the Form 144 for FWRG cover?
When is the approximate date of the proposed sale in the FWRG Form 144?
Who is handling the sale according to the Form 144?
How much is the aggregate market value of the shares to be sold?
When and how were the securities originally acquired?
Does the filing report any securities sold by the filer in the past three months?
