Sweetgreen COO sells shares to cover taxes
Sweetgreen, Inc. Chief Operating Officer Jason Miles Cochran reported a mandated sale of 15,038 shares of Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Sweetgreen, Inc. Chief Operating Officer Jason Miles Cochran reported a mandated sale of 15,038 shares of Class A Common Stock. The shares were sold in a "sell to cover" transaction required under the company’s equity incentive plans to satisfy tax withholding obligations, at a weighted average price of $7.9903 per share. This was not a discretionary trade. After the sale, Cochran directly holds 211,885 shares of Sweetgreen Class A Common Stock.
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 | 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
Post-transaction holdings: 211,885 shares
+1 more
4 metrics
Shares sold
15,038 shares
Mandated sell-to-cover transaction
Weighted average sale price
$7.9903 per share
Class A Common Stock sale
Post-transaction holdings
211,885 shares
Class A Common Stock held directly after sale
Sale price range
$7.9902–$7.9904 per share
Multiple trades within reported range
Key Terms
sell to cover, equity incentive plans, weighted average price, open-market sale
4 terms
sell to cover financial
"require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction"
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 the satisfaction of a tax withholding obligation"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sweetgreen (SG) COO Jason Cochran report in this Form 4?
Sweetgreen COO Jason Miles Cochran reported a sale of 15,038 Class A Common Stock shares. The transaction was a mandated “sell to cover” to satisfy tax withholding obligations tied to equity incentive awards, rather than a discretionary open-market trade.
Was the Sweetgreen (SG) COO’s sale a routine tax transaction or an open-market sale?
Although coded as an open-market sale, the filing footnote states it was mandated as a sell-to-cover for tax withholding. That indicates a routine, compensation-related transaction, rather than a discretionary move by the COO to buy or sell based on market views.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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