[Form 4] First Watch Restaurant Group, Inc. Insider Trading Activity
Rhea-AI Filing Summary
First Watch Restaurant Group's President and CEO Christopher Anthony Tomasso reported routine share disposals tied to tax withholding and estate planning. On March 10, 2026, 33,314 shares of common stock were sold at a weighted average price of $12.59 per share to cover tax obligations from restricted stock unit vesting under company policies, which the filing states were not discretionary trades by him.
On March 12, 2026, he transferred 71,768 shares of common stock for no consideration to Big Fish Investments LLC in a bona fide gift. After these transactions, he directly holds 982,377 shares, with additional indirect holdings of 71,768 shares through Big Fish Investments LLC and 500 shares held by his daughter, for which he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 71,768 | $0.00 | -- |
| Sale | Common Stock | 33,314 | $12.59 | $419K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the number of shares sold by Issuer on behalf of the reporting owner, which sale is mandatory pursuant to Issuer's policies to cover necessary tax withholding obligations in connection with the vesting of restricted stock units. Such sales do not represent a discretionary trade by the reporting owner. The price reported in column 4 represents the weighted average price of the common stock sold by the broker on behalf of the employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of restricted stock units. These shares were sold in multiple transactions at prices ranging from $12.40 to $12.73, inclusive. The proceeds of all such sales were allocated to the employees, including the reporting person, on a pro rata basis. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. On March 12, 2026, the reporting person transferred 71,768 of Issuer common stock to Big Fish Investments LLC ("Big Fish") for no consideration. The reporting person is the sole manager of Big Fish and is the co-trustee, along with his spouse, of the sole member of Big Fish. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
