STOCK TITAN

Sweetgreen (NYSE: SG) insider plans new sale after $4.6M June trade

(Neutral)
(Neutral)
Form Type
144/A

Rhea-AI Filing Summary

Sweetgreen, Inc. insider Nicolas Jammet filed a notice of proposed sale of Class A Common Stock. The filing lists up to 169,767 shares to be sold, associated with restricted stock units vesting under a registered compensation plan, with sales to be made on or after August 24–26, 2024 on the NYSE. It also discloses that Jammet previously sold 150,000 Class A shares on June 5, 2024 for total proceeds of $4,575,000.

Positive

  • None.

Negative

  • None.
Proposed shares to be sold 169,767 shares Class A Common Stock covered by the notice of proposed sale
Aggregate value of proposed securities 6,072,875.25 Value associated with the securities listed in the proposed sale section
Prior shares sold 150,000 shares Class A Common Stock sold on 06/05/2024
Proceeds from prior sale $4,575,000 Total consideration for 150,000 shares sold on 06/05/2024
Class of security Class A Common Stock Type of Sweetgreen, Inc. shares referenced in the notice and prior sale
restricted stock units financial
"Restricted stock units vesting under a registered plan"
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.
registered plan financial
"Restricted stock units vesting under a registered plan"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
Class A Common Stock financial
"Class A Common Stock | E*Trade Financial Corporation"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

What does Sweetgreen (SG) disclose in this Form 144/A filing?

The filing discloses that Nicolas Jammet has filed a notice to potentially sell 169,767 Class A Common Stock shares of Sweetgreen, Inc., related to restricted stock units vesting under a registered compensation plan, with sales to be made on the NYSE.

How many Sweetgreen (SG) shares may be sold under this Form 144/A?

The notice covers a proposed sale of up to 169,767 shares of Sweetgreen Class A Common Stock. These shares are tied to restricted stock units vesting under a registered compensation plan and are expected to be sold through the NYSE after vesting.

What prior Sweetgreen (SG) stock sales are reported in this Form 144/A?

The filing reports that on June 5, 2024, 150,000 shares of Sweetgreen Class A Common Stock were sold for total proceeds of $4,575,000. This transaction is listed as securities sold during the past three months.

What is the source of the Sweetgreen (SG) shares in this proposed Form 144/A sale?

The shares come from restricted stock units vesting under a registered compensation plan of Sweetgreen, Inc. As these RSUs vest, they convert into Class A Common Stock, which the insider plans to sell as disclosed in the notice.

On which market are the Sweetgreen (SG) shares in this Form 144/A intended to be sold?

The filing indicates that the Class A Common Stock covered by the notice is listed for trading on the NYSE. The proposed sale of up to 169,767 shares would occur through that market once conditions for sale are met.

Who is the Sweetgreen (SG) insider associated with this Form 144/A filing?

The notice is associated with Nicolas Jammet, care of Sweetgreen, Inc. It lists his intent to sell up to 169,767 shares of Class A Common Stock and references a prior sale of 150,000 shares on June 5, 2024.

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

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Learn about SEC filing dates

144/A: Filer Information

144/A: Issuer Information

144/A: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

144/A: Remarks and Signature