Sweetgreen (SG) CFO awarded 109,890 options and 76,923 RSUs in Form 4

Rhea-AI Filing Summary

Sweetgreen, Inc.’s Chief Financial Officer Jamie McConnell reported two equity compensation awards. She received stock options covering 109,890 shares of Class A common stock at an exercise price of $5.32 per share, expiring on March 14, 2036. She also received 76,923 restricted stock units (RSUs), increasing her direct Class A share holdings to 226,923 shares.

The RSUs and options both vest in quarterly installments starting from February 15, 2026: 5% per quarter over the first year, 7.5% per quarter over the second year, and 12.5% per quarter over the third year, subject to her continuous service through each vesting date.

Insights

Equity Compensation Analyst

Routine equity grants increase CFO’s long-term incentive exposure.

Sweetgreen granted its CFO 109,890 stock options at an exercise price of $5.32 plus 76,923 RSUs. These awards are compensation-related acquisitions, not open-market purchases, and therefore carry weaker signaling value than discretionary insider buying.

The vesting design is back-weighted: 5% vests quarterly in year one, 7.5% quarterly in year two, and 12.5% quarterly in year three, all measured from February 15, 2026. This structure encourages multi-year retention and ongoing performance.

There are no derivative positions shown as remaining in the derivative summary beyond this new option grant. Future company filings may clarify how much of these awards ultimately vest, which will depend on McConnell’s continued service through each Quarterly Vesting Date.

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

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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^*

McConnell Jamie

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		A		76,923(1)	A	$0	226,923	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
Stock Option (Right to Buy)	$5.32	03/15/2026		A		109,890		(2)	03/14/2036	Class A Common Stock	109,890	$0	109,890	D

Explanation of Responses:

1. Represents the grant of restricted stock units ("RSUs") that vest as follows measured from February 15, 2026: (i) 5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the RSUs will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.

2. The shares subject to the option vest as follows measured from February 15, 2026: (i) 5% of the options will vest in quarterly installments on each Quarterly Vesting Date over the first year, (ii) 7.5% of the options will vest in quarterly installments on each Quarterly Vesting Date over the second year, and (iii) 12.5% of the options will vest in quarterly installments on each Quarterly Vesting Date over the third year, subject to the reporting person's continuous service through each applicable vesting date.

	/s/ Matthew Alexander, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Sweetgreen (SG) CFO Jamie McConnell acquire in this Form 4?

Jamie McConnell received equity compensation awards, not open-market purchases. She was granted 109,890 stock options at an exercise price of $5.32 and 76,923 restricted stock units, increasing her direct Class A common stock holdings to 226,923 shares after these grants.

How do Jamie McConnell’s new Sweetgreen stock options vest?

The options vest over three years starting from February 15, 2026. Five percent vest in quarterly installments during the first year, 7.5% per quarter in the second year, and 12.5% per quarter in the third year, conditioned on her continuous service through each vesting date.

What is the vesting schedule for Jamie McConnell’s Sweetgreen RSU grant?

The 76,923 restricted stock units vest on the same pattern as the options. Starting from February 15, 2026, 5% vest in quarterly installments in year one, 7.5% per quarter in year two, and 12.5% per quarter in year three, subject to continued service.

Are Jamie McConnell’s Sweetgreen Form 4 transactions open-market buys or compensation grants?

Both transactions are equity compensation grants. The Form 4 codes them as acquisitions under transaction code A, described as grants or awards, with a price of $0.00 per share, rather than open-market purchases of Sweetgreen Class A common stock.

How many Sweetgreen shares does the CFO hold after these Form 4 grants?

After the RSU grant, Jamie McConnell directly holds 226,923 shares of Sweetgreen Class A common stock. The stock option grant covers an additional 109,890 underlying shares, exercisable at $5.32 per share if vested and exercised in the future.

When do Jamie McConnell’s new Sweetgreen stock options expire?

The newly granted Sweetgreen stock options expire on March 14, 2036. They cover 109,890 shares of Class A common stock at an exercise price of $5.32 per share, subject to the multi-year quarterly vesting and her continued service through each vesting date.