Sweetgreen Inc SEC Filings

Sweetgreen (SG) filed its Q3 2025 report, showing essentially flat revenue and a wider loss while highlighting a pending sale of its automation unit. Revenue was $172.4 million versus $173.4 million a year ago, as higher food, labor and other operating costs offset sales. Net loss was $36.1 million compared with $20.8 million, driven by operating expense and non-cash impairment and closure costs of $4.6 million in the quarter.

Cash and cash equivalents were $129.97 million, down from $214.79 million at year-end, with net cash used in operating activities of $4.0 million year-to-date versus $37.3 million provided in the prior-year period. The company operated 266 restaurants as of September 28, 2025, with 20 net new openings year-to-date.

Subsequent event: on November 5, 2025, Sweetgreen agreed to sell Spyce Food Co. and related Infinite Kitchen assets to Wonder Group for total consideration of $186.4 million ($100 million cash and Series C preferred stock valued at $86.4 million), with closing expected in late 2025 or early 2026. Sweetgreen plans to continue deploying Infinite Kitchen units under supply and license agreements with Wonder.

Sweetgreen, Inc. (SG) furnished an 8-K announcing it issued a press release with financial results for the fiscal quarter ended September 28, 2025. The press release is provided as Exhibit 99.1 and incorporated by reference. The information under Item 2.02, including Exhibit 99.1, is furnished and not deemed “filed” under Section 18 of the Exchange Act, nor incorporated into Securities Act or Exchange Act filings by general reference.

Sweetgreen, Inc. (SG) furnished an 8-K announcing it issued a press release with financial results for the fiscal quarter ended September 28, 2025. The press release is provided as Exhibit 99.1 and incorporated by reference. The information under Item 2.02, including Exhibit 99.1, is furnished and not deemed “filed” under Section 18 of the Exchange Act, nor incorporated into Securities Act or Exchange Act filings by general reference.

Sweetgreen (SG) reported a Form 4 for its Chief Financial Officer. On 10/15/2025, the CFO received 150,000 Class A common shares via a grant of restricted stock units at $0. The filing also shows a stock option grant for 300,000 shares with a $7.50 exercise price and an expiration on 10/14/2035.

Vesting for both awards follows the same schedule: 25% on August 15, 2026, then 6.25% quarterly over the subsequent three years, contingent on continued service. Following these transactions, the filing lists 150,000 Class A shares directly owned and 300,000 options directly held.

Initial Form 3 filing by Jamie McConnell for Sweetgreen, Inc. (SG). The report names Jamie McConnell at a Los Angeles address as Chief Financial Officer and a Director. The event date is 09/22/2025 and the filing indicates no securities are beneficially owned as of that date. The form was signed on behalf of the reporting person by an attorney-in-fact on 09/24/2025.

Initial Form 3 filing by Jamie McConnell for Sweetgreen, Inc. (SG). The report names Jamie McConnell at a Los Angeles address as Chief Financial Officer and a Director. The event date is 09/22/2025 and the filing indicates no securities are beneficially owned as of that date. The form was signed on behalf of the reporting person by an attorney-in-fact on 09/24/2025.

Jason Miles Cochran, Chief Operating Officer of Sweetgreen, Inc. (SG), reported equity awards granted on 09/15/2025. He received 50,000 restricted stock units (RSUs) and a stock option to buy 50,000 shares at an exercise price of $8.50 per share. After the transactions, he beneficially owns 150,000 Class A common shares and 50,000 option shares outstanding.

The RSUs vest 25% on May 15, 2026, then 6.25% quarterly over the next three years, subject to continued service. The option has the same vesting schedule and an expiration/exercise window through 09/14/2035. The filings were signed on 09/17/2025.

Jason Miles Cochran, Chief Operating Officer of Sweetgreen, Inc. (SG), reported equity awards granted on 09/15/2025. He received 50,000 restricted stock units (RSUs) and a stock option to buy 50,000 shares at an exercise price of $8.50 per share. After the transactions, he beneficially owns 150,000 Class A common shares and 50,000 option shares outstanding.

The RSUs vest 25% on May 15, 2026, then 6.25% quarterly over the next three years, subject to continued service. The option has the same vesting schedule and an expiration/exercise window through 09/14/2035. The filings were signed on 09/17/2025.

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.

Sweetgreen Inc. received an amended Schedule 13G reporting that FMR LLC and Abigail P. Johnson beneficially hold 28,606.44 shares of Sweetgreen Class A common stock. The filing lists the event date as 08/29/2025 and signatures dated 09/05/2025. FMR LLC (organized in Delaware) reports 1,422.23 shares of sole voting power and 28,606.44 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power over 28,606.44 shares and no voting power. The filing states these holdings represent 0.0% of the class and that the securities are held in the ordinary course of business, not to influence control. An Exhibit 99 and referenced powers of attorney are included by reference.

Sweetgreen Inc. received an amended Schedule 13G reporting that FMR LLC and Abigail P. Johnson beneficially hold 28,606.44 shares of Sweetgreen Class A common stock. The filing lists the event date as 08/29/2025 and signatures dated 09/05/2025. FMR LLC (organized in Delaware) reports 1,422.23 shares of sole voting power and 28,606.44 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power over 28,606.44 shares and no voting power. The filing states these holdings represent 0.0% of the class and that the securities are held in the ordinary course of business, not to influence control. An Exhibit 99 and referenced powers of attorney are included by reference.

Sweetgreen Inc. received an amended Schedule 13G reporting that FMR LLC and Abigail P. Johnson beneficially hold 28,606.44 shares of Sweetgreen Class A common stock. The filing lists the event date as 08/29/2025 and signatures dated 09/05/2025. FMR LLC (organized in Delaware) reports 1,422.23 shares of sole voting power and 28,606.44 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power over 28,606.44 shares and no voting power. The filing states these holdings represent 0.0% of the class and that the securities are held in the ordinary course of business, not to influence control. An Exhibit 99 and referenced powers of attorney are included by reference.

Sweetgreen Inc. received an amended Schedule 13G reporting that FMR LLC and Abigail P. Johnson beneficially hold 28,606.44 shares of Sweetgreen Class A common stock. The filing lists the event date as 08/29/2025 and signatures dated 09/05/2025. FMR LLC (organized in Delaware) reports 1,422.23 shares of sole voting power and 28,606.44 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power over 28,606.44 shares and no voting power. The filing states these holdings represent 0.0% of the class and that the securities are held in the ordinary course of business, not to influence control. An Exhibit 99 and referenced powers of attorney are included by reference.

Sweetgreen, Inc. reported that CFO Mitch Reback will retire effective September 21, 2025, and that Jamie McConnell will become CFO on September 22, 2025. Ms. McConnell, age 46, joins from Chipotle where she most recently served as Chief Accounting and Administrative Officer and previously was Vice President and Controller. Her employment agreement provides a $550,000 base salary, an annual discretionary bonus with a 75% target of base salary, and anticipated new-hire equity of an option to purchase 300,000 shares and 150,000 restricted stock units vesting over four years. Mr. Reback will provide up to 35 hours per month of consulting services for six months post-retirement for $7,500 per month; his unvested equity will continue to vest during consulting and may be accelerated to fully vest on March 21, 2026 if the agreement is not earlier terminated. The filing notes standard indemnification and that full agreements will be filed later.

Mitch Reback, Chief Financial Officer of Sweetgreen, Inc. (SG), filed a Form 4 disclosing a sale of Class A common stock on 08/18/2025. The filing reports a disposition of 11,530 shares at a price of $9.19 per share, described as a "sell to cover" required to satisfy tax withholding obligations rather than a discretionary trade. After the reported transaction, the filing shows 322,891 shares beneficially owned directly by the reporting person and multiple indirect holdings totaling additional Class A shares held in various GRAT trusts (amounts of 70,169, 70,169, 186,051, 43,901, and 43,901 as disclosed). The form is signed by an attorney-in-fact on 08/19/2025.

Insider sale notice: This Form 144 shows that Mitch Reback intends to sell 11,530 shares of Sweetgreen, Inc. Class A common stock on or about 08/18/2025 through E*Trade. The filing reports an aggregate market value of $105,960.70 for the proposed sale and states total shares outstanding of 106,318,359. The shares were acquired on 08/15/2025 as restricted stock units that vested under a registered plan and are described as compensation. The form also discloses a prior sale by the same person of 10,088 shares on 05/16/2025 for gross proceeds of $153,640.24. The filer certifies no undisclosed material adverse information.