Sweetgreen (NYSE: SG) COO still holds 207K shares after tax sale
Rhea-AI Filing Summary
Sweetgreen, Inc. (SG) reported that Chief Operating Officer Jason Miles Cochran sold 4,809 shares of Class A Common Stock on 2026-08-17 at a weighted average price of $6.21 per share. The issuer elected under its equity incentive plans to satisfy tax withholding obligations through a mandated “sell to cover” transaction, so this did not represent a discretionary trade by Cochran. After the sale, he directly held 207,076 shares of Class A Common Stock. The shares were sold in multiple transactions at prices between $6.01 and $6.21.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,809 shares
Net Sell
1 txn
Insider
Cochran Jason Miles
Role
Chief Operating Officer
Sold
4,809 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 4,809 | $6.21 | $30K |
Holdings After Transaction:
Class A Common Stock — 207,076 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 $6.01 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.
Key Figures
Shares sold: 4,809 shares
Weighted average sale price: $6.21 per share
Sale price range: $6.01–$6.21 per share
+2 more
5 metrics
Shares sold
4,809 shares
Class A Common Stock sold on 2026-08-17
Weighted average sale price
$6.21 per share
Class A Common Stock sale on 2026-08-17
Sale price range
$6.01–$6.21 per share
Multiple transactions within this range on 2026-08-17
Shares held after transaction
207,076 shares
Direct holdings of COO Jason Miles Cochran after sale
Net shares sold
4,809 shares
Net selling activity in this Form 4
Key Terms
sell to cover, weighted average price, equity incentive plans
3 terms
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.
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.
equity incentive plans financial
"the Issuer's election under its equity incentive plans to require the satisfaction"
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.
FAQ
What insider transaction did Sweetgreen (SG) report for COO Jason Miles Cochran?
Sweetgreen reported that COO Jason Miles Cochran sold 4,809 shares of Class A Common Stock on 2026-08-17. The sale was a mandated sell-to-cover to satisfy tax withholding obligations under the company’s equity incentive plans.
What does sell-to-cover mean in this Sweetgreen (SG) insider transaction?
In this context, sell-to-cover means shares were automatically sold to fund required tax withholding tied to equity compensation. The issuer chose this method, so the timing and sale were not initiated as a discretionary market trade by the COO.
AI-generated analysis. How Rhea-AI works. Not financial advice.