First Watch (FWRG) files 8-K/A to correct underwriting Schedule B

First Watch Restaurant Group filed an amendment to correct a clerical error in Schedule B to an Underwriting Agreement among the company, certain selling shareholders and the underwriters.

Rhea-AI Filing Summary

First Watch Restaurant Group filed an amendment to correct a clerical error in Schedule B to an Underwriting Agreement among the company, certain selling shareholders and the underwriters. The agreement covered a secondary offering in which the Selling Shareholders sold 5,000,000 shares at a purchase price of $17.70 per share; the Offering closed on August 8, 2025. The Company did not sell any shares and will not receive proceeds. A copy of the Underwriting Agreement is filed as Exhibit 1.1.

Positive

• Correction filed to amend Schedule B of the Underwriting Agreement, improving disclosure accuracy and the public record.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine amendment correcting a clerical error; secondary sale occurred and the company received no proceeds, so market impact appears neutral.

The filing amends Item 8.01 and Item 9.01 solely to correct a clerical error in Schedule B to the Underwriting Agreement dated August 6, 2025. The substantive terms disclosed show a secondary transaction where Selling Shareholders sold 5,000,000 shares at $17.70 per share and the Offering closed on August 8, 2025. Because the Company did not sell shares and will not receive proceeds, there is no direct cash impact on the Company’s balance sheet. This disclosure improves record accuracy for investors and regulators.

Corporate Governance Expert

TL;DR: Compliance-focused amendment that remedies a clerical error; enhances disclosure clarity without changing substantive terms.

The amendment’s stated purpose is limited and specific: to correct a clerical error in Schedule B to the Underwriting Agreement. The filing reiterates that the Underwriting Agreement and prospectus supplement governed a sale by Selling Shareholders of 5,000,000 shares at $17.70 per share and that the Company did not participate in the sale. Filing the corrected exhibit (Exhibit 1.1) aligns the public record with the executed agreement and reduces risk of misinterpretation by stakeholders.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

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

What did First Watch (FWRG) amend in this 8-K/A?

The company filed an amendment to correct a clerical error in Schedule B to the Underwriting Agreement disclosed in the original 8-K.

Did First Watch sell shares in the offering?

No. The filing states the Company did not sell any shares in the Offering and will not receive any proceeds.

How many shares were sold and at what price?

The Selling Shareholders sold 5,000,000 shares at a purchase price of $17.70 per share; the Offering closed on August 8, 2025.

Where can I find the Underwriting Agreement?

A copy of the Underwriting Agreement is filed as Exhibit 1.1 to the amendment.

Who signed the amendment on behalf of First Watch?

The amendment was signed by Jay Wolszczak, Chief Legal Officer, General Counsel and Secretary.

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

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Accepted by SEC EDGAR 08/11/2025 - 04:49 PM Learn about SEC filing dates

0001789940FALSE00017899402025-08-062025-08-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K/A

(Amendment No. 1)

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

August 6, 2025

Date of Report (date of earliest event reported)

___________________________________

First Watch Restaurant Group, Inc.

(Exact name of registrant as specified in its charter)

___________________________________

Delaware (State or other jurisdiction of incorporation or organization)			001-40866 (Commission File Number)			82-4271369 (I.R.S. Employer Identification Number)
8725 Pendery Place, Suite 201, Bradenton, FL 34201
(Address of principal executive offices and zip code)
(941) 907-9800
(Registrant's telephone number, including area code)

                    ___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Common stock, $0.01 par value			FWRG			The Nasdaq Stock Market LLC (Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company    ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Explanatory Note

This Amendment No. 1 to the Current Report on Form 8-K amends Item 8.01 and Item 9.01 of the Current Report on Form 8-K filed on August 8, 2025 (the “Original 8-K”) solely to correct a clerical error in Schedule B to the Underwriting Agreement, dated as of August 6, 2025, by and among First Watch Restaurant Group, Inc., certain selling shareholders, Barclays Capital Inc. and Goldman Sachs & Co. LLC filed as exhibit 1.1 thereto. No other changes have been made to the Original 8-K.

Item 8.01 - Other Events.

On August 6, 2025, First Watch Restaurant Group, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Barclays Capital Inc. and Goldman Sachs & Co. LLC as underwriters (the “Underwriters”) and the selling shareholders named therein (the “Selling Shareholders”), pursuant to which the Selling Shareholders agreed to sell 5,000,000 shares of common stock, par value $0.01 per share, of the Company to the Underwriters at a purchase price of $17.70 per share (the “Offering”). The Offering closed on August 8, 2025. The Company did not sell any shares in the Offering and will not receive any proceeds from the Offering.

The Offering is being made pursuant to a prospectus supplement, dated August 6, 2025, to the prospectus, dated November 7, 2022, included in the Company’s registration statement on Form S-3 (File No. 333-268197), which was initially filed with the Securities and Exchange Commission on November 7, 2022.

The Underwriting Agreement contains customary representations, warranties and covenants and includes the terms and conditions for the sale of the shares by the Selling Shareholders to the Underwriters, indemnification and contribution obligations and other terms and conditions customary in agreements of this type.

A copy of the Underwriting Agreement is filed as Exhibit 1.1 hereto. The above description is qualified in its entirety by reference to such exhibit.

Item 9.01 - Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Exhibit Title or Description
1.1						Underwriting Agreement, dated as of August 6, 2025, by and among First Watch Restaurant Group, Inc., certain selling shareholders, Barclays Capital Inc. and Goldman Sachs & Co. LLC
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

    

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			First Watch Restaurant Group, Inc. (Registrant)
Date: August 11, 2025			By:			/s/ Jay Wolszczak
			Name:			Jay Wolszczak
			Title:			Chief Legal Officer, General Counsel and Secretary