Sweetgreen (NYSE: SG) COO offloads 15K shares in tax-withholding sale
Rhea-AI Filing Summary
Sweetgreen, Inc. (SG) reported an amended insider transaction by Chief Operating Officer Jason Miles Cochran. The amendment clarifies that a previously reported transaction was a disposition. On 2026-05-18, Cochran had 15,038 shares of Class A Common Stock sold at a weighted average price of $7.9903 per share through a mandated "sell to cover" tax-withholding transaction under the company’s equity incentive plans, rather than a discretionary trade. Following this sale, he held 211,885 shares directly.
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Insider Trade Summary
Net Seller: 15,038 shares
Net Sell
1 txn
Insider
Cochran Jason Miles
Role
Chief Operating Officer
Sold
15,038 shs ($120K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 15,038 | $7.9903 | $120K |
Holdings After Transaction:
Class A Common Stock — 211,885 shares (Direct)
Footnotes (2)
- F1. This sale was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.9902 to $7.9904. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 15,038 shares
Weighted average sale price: $7.9903 per share
Sale price range: $7.9902–$7.9904 per share
+2 more
5 metrics
Shares sold
15,038 shares
Class A Common Stock sold on 2026-05-18 in a mandated sell-to-cover tax transaction
Weighted average sale price
$7.9903 per share
Average price for 15,038 shares sold in multiple trades on 2026-05-18
Sale price range
$7.9902–$7.9904 per share
Range of prices across multiple sale transactions included in the weighted average
Shares owned after transaction
211,885 shares
Directly held Sweetgreen Class A Common Stock following the 2026-05-18 sale
Net shares sold in filing
15,038 shares
Net-sell direction per transaction summary for this Form 4/A
Key Terms
sell to cover, equity incentive plans, weighted average price, disposition
4 terms
sell to cover financial
"funded by a "sell to cover" transaction and does not represent a discretionary"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
disposition financial
"to reflect that the reported transaction was a disposition."
FAQ
What insider transaction did Sweetgreen (SG) report for COO Jason Miles Cochran?
Sweetgreen reported that COO Jason Miles Cochran had 15,038 shares of Class A Common Stock sold on 2026-05-18. The sale was a mandated "sell to cover" to satisfy tax withholding obligations under equity incentive plans, not a discretionary trade.
Why was this Sweetgreen (SG) Form 4/A filed as an amendment?
The Form 4/A was filed to correct Column 4 to show that the reported transaction was a disposition. It clarifies that the shares were sold to cover tax withholding obligations rather than representing a voluntary market sale by the executive.
What was the sale price range for the Sweetgreen (SG) insider transaction?
The reported weighted average sale price was $7.9903 per share, with individual trades executed between $7.9902 and $7.9904. The insider notes that detailed trade-by-trade pricing information is available upon request from the company, the SEC, or a security holder.
Was the Sweetgreen (SG) insider sale made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as using such a plan, and a separate footnote explains the sale was mandated by tax withholding rules under equity incentive plans, rather than executed under a discretionary or pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
