Director granted 12,345 RSUs at First Watch

First Watch Restaurant Group director Charles Jemley received an equity award of restricted stock units.

Rhea-AI Filing Summary

First Watch Restaurant Group director Charles Jemley received an equity award of restricted stock units. The company granted him 12,345 RSUs that vest on May 21, 2027, as long as he remains in continuous service through that date. Each RSU will convert into one share of common stock at vesting. After this grant, Jemley directly holds 44,278 shares of the company’s common stock, reflecting his total reported equity stake following the award.

Insider Trade Summary

Grant/Award: 12,345 shares

Grant/Award 1 txn

Insider Jemley Charles

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,345	$0.00	$0.00

Holdings After Transaction: Common Stock — 44,278 shares (Direct)

Footnotes (1)

1. F1. Represents the grant by the Issuer of restricted stock units ("RSUs") to the Reporting Person, which vest on May 21, 2027, subject to Reporting Person's continuous service through the vesting date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Key Figures

RSUs granted: 12,345 units Grant price: $0.00 per unit Shares after grant: 44,278 shares +1 more

4 metrics

RSUs granted 12,345 units Restricted stock units granted to director on May 21, 2026

Grant price $0.00 per unit Reported transaction price per RSU

Shares after grant 44,278 shares Total common shares held directly following transaction

Vesting date May 21, 2027 RSUs vest subject to continuous service to that date

Key Terms

restricted stock units, RSUs, continuous service

3 terms

restricted stock units financial

"Represents the grant by the Issuer of restricted stock units ("RSUs") to the Reporting Person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"Each RSU represents a contingent right to receive one share of the Issuer's common stock"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

continuous service financial

"which vest on May 21, 2027, subject to Reporting Person's continuous service through the vesting date"

FAQ

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

What did First Watch (FWRG) director Charles Jemley report in this Form 4 filing?

Director Charles Jemley reported an equity compensation grant of 12,345 restricted stock units from First Watch. These RSUs were awarded at no cash cost and will convert into common shares upon vesting, increasing his potential future ownership in the company.

How many restricted stock units did Charles Jemley receive from First Watch (FWRG)?

Charles Jemley received 12,345 restricted stock units from First Watch Restaurant Group. Each RSU represents a contingent right to receive one share of common stock, subject to vesting conditions tied to his continued service with the company.

When do Charles Jemley’s restricted stock units in First Watch (FWRG) vest?

The granted RSUs vest on May 21, 2027, if Charles Jemley remains in continuous service through that date. Once vested, each restricted stock unit will entitle him to receive one share of First Watch’s common stock, increasing his actual share ownership.

What is Charles Jemley’s total First Watch (FWRG) shareholding after this RSU grant?

Following the RSU grant, Charles Jemley is reported to directly own 44,278 shares of First Watch common stock. This figure reflects his total direct holdings after the award, combining previously held shares with the new equity-based compensation position.

Did Charles Jemley pay cash for the First Watch (FWRG) RSU award?

No cash changed hands for this award; the RSUs were granted at a reported price of $0.00 per unit. This reflects standard equity compensation, where value is delivered through future share issuance rather than an immediate cash transaction by the director.

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

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Accepted by SEC EDGAR 05/22/2026 - 04:03 PM EDT Learn about SEC filing dates

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^*

Jemley Charles

(Last) (First) (Middle)

C/O FIRST WATCH RESTAURANT GROUP, INC.

8725 PENDERY PLACE, STE. 201

(Street)

BRADENTON FLORIDA 34201

(City) (State) (Zip)

UNITED STATES

(Country)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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	05/21/2026		A		12,345(1)	A	$0	44,278	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 the grant by the Issuer of restricted stock units ("RSUs") to the Reporting Person, which vest on May 21, 2027, subject to Reporting Person's continuous service through the vesting date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Remarks:

	/s/ Jay Wolszczak, as attorney-in-fact	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)