First Watch (FWRG) CEO awarded 321,027 restricted stock units in Form 4

Rhea-AI Filing Summary

First Watch Restaurant Group, Inc. reported that President and CEO Christopher Anthony Tomasso acquired 321,027 shares of common stock through a grant or award on March 1, 2026. These are restricted stock units that vest in three equal annual installments beginning on March 1, 2027, and are subject to possible forfeiture or acceleration.

After this grant, Tomasso directly owned 1,087,459 common shares, and an additional 500 shares were reported as indirectly owned through his daughter.

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^*

Tomasso Christopher Anthony

(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)

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

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		321,027	A	$0(1)	1,087,459	D
Common Stock								500	I	By daughter

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 did FWRG CEO Christopher Tomasso report on this Form 4?

Christopher Tomasso reported receiving a grant of 321,027 shares of First Watch common stock on March 1, 2026. The filing classifies this as a grant or award acquisition rather than an open-market purchase or sale.

Is the 321,027-share award to FWRG’s CEO fully vested?

No, the 321,027-share grant consists of restricted stock units that vest in three equal annual installments. Vesting begins on March 1, 2027, and the units are subject to earlier forfeiture or acceleration under their award terms.

How many FWRG shares does the CEO hold after this reported transaction?

Following the reported grant, Christopher Tomasso directly held 1,087,459 shares of First Watch common stock. The Form 4 also shows 500 additional shares reported as indirectly owned through his daughter, classified as indirect ownership.

Was there any buying or selling of FWRG shares in the market by the CEO?

The filing does not report any open-market buys or sells by the CEO. Instead, it records a grant or award of 321,027 restricted stock units at a stated price of $0.0000 per share, reflecting a compensatory equity award.

What indirect FWRG share ownership is disclosed for the CEO?

The Form 4 lists 500 shares of First Watch common stock as indirectly owned by Christopher Tomasso. The nature of this ownership is described as “By daughter,” indicating these shares are held through his daughter rather than directly by him.

What does transaction code A mean in this FWRG Form 4?

Transaction code A on the Form 4 refers to a grant, award, or other acquisition of securities. In this case, it indicates that the 321,027 First Watch restricted stock units were received as an equity award, not purchased in the open market.