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Sweetgreen (NYSE: SG) CFO tax sale of 15K shares at $6.21

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Sweetgreen, Inc. (SG) reported that its Chief Financial Officer, Jamie McConnell, had 15,033 shares of Class A Common Stock sold on 2026-08-17 at a weighted average price of $6.21 per share. According to the company’s equity incentive plan terms, this was a mandatory “sell to cover” transaction to satisfy tax withholding obligations and did not represent a discretionary trade by the officer. After this tax-related sale, McConnell’s directly held position is 210,489 shares. The shares were sold in multiple trades at prices ranging from $5.97 to $6.21 per share.

Positive

  • None.

Negative

  • None.
Insider McConnell Jamie
Role Chief Financial Officer
Sold 15,033 shs ($93K)
Type Security Shares Price Value
Sale Class A Common Stock F1, F2 15,033 $6.21 $93K
Holdings After Transaction: Class A Common Stock — 210,489 shares (Direct)
Footnotes (2)
  1. 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.
  2. F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $5.97 to $6.21. 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.
Shares sold 15,033 shares Class A Common Stock sold in tax-related sell-to-cover on 2026-08-17
Weighted average sale price $6.21 per share Weighted average price for the 15,033 shares sold
Sale price range $5.97 to $6.21 per share Range of prices across multiple sale transactions
Shares held after transaction 210,489 shares Directly held Class A Common Stock following the reported sale
sell to cover financial
"require the satisfaction of a tax withholding obligation to be funded by a "sell to cover""
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.

FAQ

What insider transaction did Sweetgreen (SG) disclose for CFO Jamie McConnell?
Sweetgreen disclosed that CFO Jamie McConnell had 15,033 shares of Class A Common Stock sold on 2026-08-17. The sale was a mandatory sell to cover for tax withholding under equity incentive plan terms, not a discretionary trade.

Was the recent Sweetgreen (SG) insider sale by the CFO a discretionary trade?
No. The sale of 15,033 shares tied to CFO Jamie McConnell was mandated as a “sell to cover” tax withholding transaction under Sweetgreen’s equity incentive plans. It did not represent a discretionary decision to sell shares in the open market.

How many Sweetgreen (SG) shares does the CFO hold after the reported sale?
After the tax-related sale, CFO Jamie McConnell directly holds 210,489 shares of Sweetgreen Class A Common Stock. This figure reflects holdings following the 15,033-share sell-to-cover transaction reported for 2026-08-17.

At what price were the Sweetgreen (SG) shares sold in the CFO’s recent transaction?
The reported per-share figure is a weighted average price of $6.21. The 15,033 shares were actually sold in multiple trades, with prices ranging from $5.97 to $6.21 per share, as disclosed in the Form 4 footnote.

Does the Sweetgreen (SG) filing indicate a Rule 10b5-1 trading plan for the CFO sale?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes describe the sale as a plan-mandated sell to cover for tax withholding, rather than a discretionary sale under a 10b5-1 trading plan.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
McConnell Jamie
(Last)(First)(Middle)
C/O SWEETGREEN, INC.
3102 36TH STREET
(Street)
LOS ANGELES CALIFORNIA 90018
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Sweetgreen, Inc. [ SG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/17/2026S(1)15,033D$6.21210,489(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $5.97 to $6.21. 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.
/s/ Matthew Alexander, Attorney-in-Fact08/18/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR