[Form 4] Sweetgreen, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mitch Reback, Chief Financial Officer of Sweetgreen, Inc. (SG), reported multiple non-derivative transactions dated 09/05/2025 on Form 4. The filings show a series of G (gift) transactions involving Class A common stock where blocks of shares were transferred into family trusts and grantor retained annuity trusts (GRATs) with Donald Spetner named as trustee. Several transactions list decreases and corresponding increases in indirect beneficial ownership, reflecting transfers to trusts named The IMCR GRAT and The MRCR GRAT (dated July 27, 2021 and July 27, 2023). The form is signed by Ashley Van, Attorney-in-Fact, on 09/08/2025. The disclosure records share movements but does not state cash consideration or provide additional commentary.

Positive

• Timely disclosure of insider transactions under Section 16 with trustee and trust names provided
• Transfers identified as gifts (code G), indicating non-cash estate-planning transactions rather than sales

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider gift transfers to family trusts were reported; no sales or cash proceeds disclosed.

The Form 4 shows multiple G (gift) codes on 09/05/2025 moving Class A common stock into family trusts and GRATs. These are non-derivative, non-cash transfers that alter indirect beneficial ownership counts rather than indicating monetization of holdings. For investors, such transfers are commonly estate-planning or family-wealth structuring actions and do not directly affect company capital structure or liquidity based on the data provided.

Corporate Governance Expert

TL;DR: Disclosure conforms to Section 16 reporting for gift transfers to trusts; trustee details are provided.

The filing identifies the trustee (Donald Spetner) and the specific trusts (The IMCR GRAT and The MRCR GRAT with dates), which is consistent with transparency practices for indirect holdings. The use of an Attorney-in-Fact signature is noted and dated. There is no indication of related-party sales, pledges, or changes to voting control in the document itself.

09/08/2025 - 06:26 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

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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^*

Reback Mitch

(Last) (First) (Middle)

C/O SWEETGREEN, INC.

3102 WEST 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		G		26,178	D	$0	43,901	I	See footnote(1)
Class A Common Stock	09/05/2025		G		26,178	A	$0	212,229	I	By Family Trust
Class A Common Stock	09/05/2025		G		26,178	D	$0	43,991	I	See footnote(2)
Class A Common Stock	09/05/2025		G		26,178	A	$0	238,407	I	By Family Trust
Class A Common Stock	09/05/2025		G		43,901	D	$0	0	I	See footnote(3)
Class A Common Stock	09/05/2025		G		43,901	A	$0	282,308	I	By Family Trust
Class A Common Stock	09/05/2025		G		43,901	D	$0	0	I	See footnote(4)
Class A Common Stock	09/05/2025		G		43,901	A	$0	326,209	I	By Family Trust
Class A Common Stock								322,891	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. The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2021.

2. The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2021.

3. The shares are held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2023.

4. The shares are held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2023.

	/s/ Ashley Van, Attorney-in-Fact	09/08/2025
	** 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 CFO Mitch Reback report on Form 4 (SG)?

The filing reports multiple G (gift) transactions of Class A common stock dated 09/05/2025, transferring shares into family trusts and GRATs.

How many trustees or trusts are named in the Form 4 for SG?

The filing names Donald Spetner as Trustee and identifies The IMCR GRAT and The MRCR GRAT with dates of July 27, 2021 and July 27, 2023.

Were any shares sold for cash by Mitch Reback according to this Form 4?

No. All reported transactions use code G (gift); the form shows transfers, not sales or cash proceeds.

When was the Form 4 signed and by whom?

The Form 4 bears the signature of Ashley Van, Attorney-in-Fact dated 09/08/2025.

Do these transactions change direct ownership of shares held by Mitch Reback?

The filing shows changes in indirect beneficial ownership due to transfers to trusts; specific direct ownership impacts are recorded in the table but no explicit commentary beyond the entries is provided.