First Watch (FWRG) COO receives 30,096-share restricted stock unit award

Rhea-AI Filing Summary

First Watch Restaurant Group, Inc. Chief Operations Officer John Daniel Jones reported an equity compensation grant in the form of restricted stock units tied to the company’s common stock. He acquired 30,096 units at a stated price of $0.00 per share as a grant, not an open-market purchase. These restricted stock units vest in three equal annual installments beginning on March 1, 2027, and are subject to possible forfeiture or acceleration. After this award, his directly reported holdings in the company’s common stock total 91,022 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jones John Daniel

Role Chief Operations Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30,096	$0.00	--

Holdings After Transaction: Common Stock — 91,022 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Jones John Daniel

(Last) (First) (Middle)

C/O FIRST WATCH RESTAURANT GROUP, INC.

8725 PENDERY PLACE, STE. 201

(Street)

BRADENTON FL 34201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
First Watch Restaurant Group, Inc. [ FWRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		A		30,096	A	$0(1)	91,022	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units which vest in three equal annual installments beginning on March 1, 2027, subject to earlier forfeiture or acceleration.

Remarks:

	/s/ Jay Wolszczak, as attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did FWRG’s COO report on this Form 4?

The COO reported an equity grant of 30,096 restricted stock units linked to First Watch common stock at a stated price of $0.00 per share. This reflects compensation rather than an open-market stock purchase or sale, and increases his reported direct holdings.

How many First Watch (FWRG) shares does the COO own after this grant?

Following the reported grant, the COO’s directly held common stock position is 91,022 shares. This figure comes from the ownership column in the Form 4 and reflects his holdings after the 30,096 restricted stock units were awarded.

When do the newly granted FWRG restricted stock units vest?

The 30,096 restricted stock units vest in three equal annual installments beginning on March 1, 2027. The vesting is subject to earlier forfeiture or acceleration, meaning the units can be lost or vest sooner if specific conditions are met.

Was the FWRG COO’s Form 4 transaction a stock purchase or sale?

The transaction is classified as a grant or award acquisition, not a market purchase or sale. The units were acquired at a stated price of $0.00 per share as part of compensation, rather than through buying or selling shares on the open market.

What type of security did the FWRG insider receive in this filing?

The insider received restricted stock units tied to First Watch common stock. These units represent a right to receive shares in the future, subject to the three-year vesting schedule and conditions such as potential forfeiture or acceleration outlined in the footnote.