[Form 4] Sweetgreen, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sweetgreen (SG)

After this transaction, reported beneficial ownership includes 1,810,263 shares held directly; 179,800 shares held indirectly by the Jonathan Neman Revocable Trust U/T/A dated October 7, 2016; 943,991 shares held indirectly by the JDRB Trust; and 50,000 shares held indirectly by spouse.

Insights

Equity Governance Analyst

CEO made a sizable open-market share purchase, increasing ownership and signaling stronger alignment with shareholders.

Sweetgreen, Inc. (SG) filed a Form 4 showing CEO and director Jonathan Neman purchased 179,800 shares of Class A common stock on 11/12/2025 at a weighted average price of $5.56 (range $5.375–$5.66). The purchase is coded “P” (open-market buy) and was made indirectly via the Jonathan Neman Revocable Trust. Following the transaction, reported beneficial holdings are 1,810,263 shares (direct), 179,800 (this trust), 943,991 (JDRB Trust), and 50,000 (by spouse).

Insider open-market buying typically increases ownership alignment. The filing also notes the detailed price range for the buy and offers to provide exact trade breakdowns upon request, which is common for weighted-average disclosures. No derivative transactions are reported in Table II, and this event reflects a straightforward equity purchase rather than option exercise or structured instrument activity.

Key items to watch: subsequent Form 4s for additional purchases or any sales; any future disclosure of Rule 10b5-1 trading plans; and changes in indirect holdings across the named trusts after 11/12/2025. The direct, trust, and spousal holdings provide a clear snapshot of current beneficial ownership to track over the next reporting windows.

11/12/2025 - 06:03 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Neman Jonathan

(Last) (First) (Middle)

C/O SWEETGREEN, INC.

3102 36TH STREET

(Street)

LOS ANGELES CA 90018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sweetgreen, Inc. [ SG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

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
Class A Common Stock	11/12/2025		P		179,800	A	$5.56(1)	179,800	I	See footnote(2)
Class A Common Stock								1,810,263	D
Class A Common Stock								943,991	I	See footnote(3)
Class A Common Stock								50,000	I	By spouse

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. The price reported in column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $5.375 to $5.66. 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 purchased at each separate price within the range set forth in this footnote.

2. The shares are held by Jonathan Neman Revocable Trust U/T/A dated October 7, 2016.

3. The shares are held by the JDRB Trust.

	/s/ Matthew Alexander, Attorney-in-Fact	11/12/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Sweetgreen (SG) disclose in this Form 4?

CEO Jonathan Neman reported buying 179,800 Class A shares on 11/12/2025 at a weighted average price of $5.56.

What was the price range for the SG share purchases?

Trades were executed at prices ranging from $5.375 to $5.66.

How many Sweetgreen shares does Jonathan Neman report owning after the transaction?

Reported holdings include 1,810,263 direct shares; 179,800 indirect via the Jonathan Neman Revocable Trust; 943,991 indirect via the JDRB Trust; and 50,000 indirectly by spouse.

What transaction code was used in the filing?

The filing lists transaction code P, indicating an open‑market or private purchase of non‑derivative securities.

Who holds the newly purchased 179,800 shares?

They are held indirectly by the Jonathan Neman Revocable Trust U/T/A dated October 7, 2016.

Did the filing note multiple trade executions?

Yes. It states the price is a weighted average, with multiple trades within the disclosed price range, and details are available upon request.