Millennium reports under-5% stake in First Watch

First Watch Restaurant Group, Inc. is the issuer of common stock reported in this Schedule 13G/A (Amendment No. 1).

Rhea-AI Filing Summary

First Watch Restaurant Group, Inc. is the issuer of common stock reported in this Schedule 13G/A (Amendment No. 1). Several affiliated Millennium entities and Israel A. Englander report beneficial ownership of First Watch common stock below 5% of the outstanding class.

Integrated Core Strategies (US) LLC reports 2,080,302 shares with shared voting and dispositive power, representing 3.4% of the class. Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander each report 2,192,811 shares with shared voting and dispositive power, representing 3.6% of the class. All report zero sole voting or dispositive power, and the filing notes that these disclosures should not be construed as an admission of beneficial ownership of the securities held by the managed entities. The group also notes that its position represents ownership of 5% or less of the class.

Key Figures

Shares owned - Integrated Core Strategies (US) LLC: 2,080,302 shares Ownership percentage - Integrated Core Strategies (US) LLC: 3.4% Shares owned - Millennium Management LLC: 2,192,811 shares +3 more

6 metrics

Shares owned - Integrated Core Strategies (US) LLC 2,080,302 shares Beneficially owned with shared voting and dispositive power

Ownership percentage - Integrated Core Strategies (US) LLC 3.4% Percent of First Watch common stock class

Shares owned - Millennium Management LLC 2,192,811 shares Beneficially owned with shared voting and dispositive power

Ownership percentage - Millennium Management LLC 3.6% Percent of First Watch common stock class

Shares owned - Millennium Group Management LLC 2,192,811 shares Beneficially owned with shared voting and dispositive power

Shares owned - Israel A. Englander 2,192,811 shares Beneficially owned with shared voting and dispositive power

Key Terms

beneficially owned, shared voting power, shared dispositive power, Ownership of 5 percent or less of a class, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: See response to Item 9 on each cover page."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 2,080,302.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 2,080,302.00"

Ownership of 5 percent or less of a class financial

"Item 5. | Ownership of 5 Percent or Less of a Class."

Joint Filing Agreement regulatory

"Exhibit I: Joint Filing Agreement, dated as of July 20, 2026"

FAQ

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

What stake in First Watch Restaurant Group (FWRG) does Integrated Core Strategies (US) LLC report?

Integrated Core Strategies (US) LLC reports 2,080,302 shares of First Watch common stock with shared voting and dispositive power, representing 3.4% of the outstanding class of common stock.

How many FWRG shares do Millennium Management LLC and related entities report owning?

Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander each report 2,192,811 shares of First Watch common stock with shared voting and dispositive power, representing 3.6% of the class for each reporting person.

Do the Millennium entities report sole or shared voting power over FWRG shares?

Each reporting person discloses 0 shares with sole voting power and only shared voting power over their reported First Watch position, matching their reported shared dispositive power over the same shares.

Are the Millennium entities considered 5% or greater shareholders of FWRG?

No. The Schedule 13G/A states ownership of 5 percent or less of a class, with individual reported stakes of 3.4% and 3.6%, keeping each reporting person below the 5% threshold.

Who are the reporting persons on this FWRG Schedule 13G/A amendment?

The reporting persons are Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander, filing jointly under a Joint Filing Agreement dated July 20, 2026.

What disclaimer about beneficial ownership do the Millennium entities include for FWRG?

The filing notes the securities are held by entities subject to Millennium’s control and that this “should not be construed…as an admission” by Millennium Management, Millennium Group Management, or Israel A. Englander of beneficial ownership.

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

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Accepted by SEC EDGAR 07/21/2026 - 05:07 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

First Watch Restaurant Group, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

33748L101

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 33748L101

1

Names of Reporting Persons

Integrated Core Strategies (US) LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,080,302.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,080,302.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,080,302.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 33748L101

1

Names of Reporting Persons

Millennium Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,192,811.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,192,811.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,192,811.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 33748L101

1

Names of Reporting Persons

Millennium Group Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,192,811.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,192,811.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,192,811.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 33748L101

1

Names of Reporting Persons

Israel A. Englander

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,192,811.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,192,811.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,192,811.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: First Watch Restaurant Group, Inc.
(b)	Address of issuer's principal executive offices: 8725 Pendery Place, Suite 201, Bradenton, Florida 34201
Item 2.
(a)	Name of person filing: Integrated Core Strategies (US) LLC Millennium Management LLC Millennium Group Management LLC Israel A. Englander
(b)	Address or principal business office or, if none, residence: Integrated Core Strategies (US) LLC c/o Millennium Management LLC 399 Park Avenue New York, New York 10022 Millennium Management LLC 399 Park Avenue New York, New York 10022 Millennium Group Management LLC 399 Park Avenue New York, New York 10022 Israel A. Englander c/o Millennium Management LLC 399 Park Avenue New York, New York 10022
(c)	Citizenship: Integrated Core Strategies (US) LLC - Delaware Millennium Management LLC - Delaware Millennium Group Management LLC - Delaware Israel A. Englander - United States
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 33748L101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See response to Item 9 on each cover page.
(b)	Percent of class: See response to Item 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See response to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See response to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See response to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See response to Item 8 on each cover page. The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Integrated Core Strategies (US) LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/20/2026

Millennium Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/20/2026

Millennium Group Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/20/2026

Israel A. Englander

Signature:	/s/ Israel A. Englander
Name/Title:	Israel A. Englander
Date:	07/20/2026

Comments accompanying signature: ** INTEGRATED CORE STRATEGIES (US) LLC By: Integrated Holding Group LP, its Managing Member By: Millennium Management LLC, its General Partner

Exhibit Information

Exhibit I: Joint Filing Agreement, dated as of July 20, 2026, by and among Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander.