First Watch (NASDAQ: FWRG) CDO awarded 30,096 restricted stock units

Rhea-AI Filing Summary

Hartman Eric Richard reported acquisition or exercise transactions in this Form 4 filing.

First Watch Restaurant Group, Inc. Chief Development Officer Eric Richard Hartman reported an equity award of 30,096 shares of common stock in the form of restricted stock units. These units vest in three equal annual installments beginning on March 1, 2027, and will be forfeited if vesting conditions are not met. Following this award, Hartman’s directly owned common stock holdings total 251,169 shares.

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^*

Hartman Eric Richard

(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 Development 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)	251,169	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 FWRG executive Eric Richard Hartman report?

Eric Richard Hartman reported receiving an equity award of 30,096 restricted stock units of First Watch Restaurant Group common stock. These units were granted at no cash cost and increase his directly owned holdings to 251,169 shares after the transaction.

What type of securities did FWRG grant to Eric Richard Hartman?

First Watch Restaurant Group granted Eric Richard Hartman restricted stock units representing 30,096 shares of common stock. Restricted stock units are share-based awards that convert into actual shares only if specified vesting and service conditions are satisfied over time.

When do Eric Richard Hartman’s FWRG restricted stock units vest?

Hartman’s 30,096 restricted stock units vest in three equal annual installments starting March 1, 2027. Each year, one-third of the units converts into common stock, assuming the vesting and continued service conditions remain satisfied for First Watch Restaurant Group.

How many FWRG shares does Eric Richard Hartman own after this award?

After the restricted stock unit grant, Eric Richard Hartman directly owns 251,169 shares of First Watch Restaurant Group common stock. This total includes the newly awarded units, which are subject to multi-year vesting conditions starting March 1, 2027.

Did Eric Richard Hartman buy or sell FWRG shares in this Form 4?

The Form 4 shows an acquisition of 30,096 restricted stock units as a grant or award, not an open-market purchase or sale. The transaction code "A" indicates a grant, award, or other acquisition of First Watch Restaurant Group common stock.

What are the key conditions attached to Hartman’s FWRG restricted stock units?

Hartman’s restricted stock units vest in three equal annual installments beginning March 1, 2027 and are subject to earlier forfeiture or acceleration. This means the units can be lost if conditions are not met or could vest sooner under specific company-defined circumstances.