First Watch (FWRG) grants 30,096 RSUs to Chief People Officer

Rhea-AI Filing Summary

First Watch Restaurant Group, Inc. reported that Chief People Officer Laura Anne Sorensen acquired an award of 30,096 restricted stock units of common stock at no cash cost. According to the filing, these units vest in three equal annual installments beginning on March 1, 2027, subject to possible forfeiture or acceleration. After this grant, she directly holds 243,782 shares of common stock.

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

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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^*

Sorensen Laura Anne

(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 People 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)	243,782	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).
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FAQ

What insider transaction did First Watch (FWRG) report for Laura Anne Sorensen?

First Watch reported that Chief People Officer Laura Anne Sorensen received a grant of 30,096 restricted stock units. The award was recorded at a price of $0.00 per share and increased her directly held common stock position to 243,782 shares.

How many First Watch (FWRG) shares does Laura Anne Sorensen hold after this Form 4?

After the reported award, Laura Anne Sorensen directly holds 243,782 shares of First Watch common stock. This figure includes the newly granted 30,096 restricted stock units, which represent shares that are scheduled to vest over time under the award’s terms.

What are the vesting terms of Laura Anne Sorensen’s 30,096 RSUs at First Watch (FWRG)?

The 30,096 restricted stock units vest in three equal annual installments starting on March 1, 2027. Vesting is subject to earlier forfeiture or acceleration, meaning units could be lost or vest sooner if specific conditions described in the award agreement occur.

Was cash paid for the 30,096 restricted stock units granted by First Watch (FWRG)?

No cash was paid for the award; the Form 4 lists a transaction price of $0.00 per share. This indicates the 30,096 restricted stock units were granted as equity compensation rather than purchased in an open-market or cash-funded transaction.

What role does Laura Anne Sorensen hold at First Watch (FWRG) in this Form 4?

Laura Anne Sorensen is identified as the Chief People Officer of First Watch Restaurant Group, Inc. The Form 4 classifies her as an officer rather than a director or 10% owner, and the reported transaction reflects an equity grant tied to her executive role.