Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC report beneficial ownership of 2,771,306 shares of Sweet Green Class A Common Stock, representing 2.6% of the class. The filing shows shared voting and dispositive power over those shares in fiduciary capacities across affiliated entities. The ownership is reported on an amended Schedule 13G/A and attributes shared voting and dispositive power to the filers.
Positive
None.
Negative
None.
Insights
Fiduciary ownership disclosed; shared control reported.
The filing lists 2,771,306 shares with shared voting and dispositive power held across Neuberger Berman entities in fiduciary roles. The statement includes standard disclaimers under Exchange Act Rule 13d-4 regarding beneficial ownership attribution.
Key dependencies include internal information barriers and fiduciary capacities; subsequent filings may clarify any changes in holdings or voting arrangements.
Amendment clarifies ownership reporting for regulatory compliance.
The Schedule 13G/A amendment restates holdings and percent of class (2.6%), noting multiple Neuberger Berman affiliates and fiduciary relationships under Rule 13d-3 and 13d-4. The filing excludes certain subsidiaries separated by an information barrier per SEC Release No. 34-39538.
Materiality is procedural; watch future filings if percentages move above reporting thresholds.
Key Figures
Shares beneficially owned:2,771,306 sharesPercent of class:2.6%Shared voting power:2,771,306 shares+2 more
5 metrics
Shares beneficially owned2,771,306 sharesAmount reported for Neuberger Berman Group LLC (Item 4)
Percent of class2.6%Percent of Class A common stock reported (Item 4)
Shared voting power2,771,306 sharesShared power to vote or direct the vote (Item 4)
Shared dispositive power2,771,306 sharesShared power to dispose or direct disposition (Item 4)
Alternate reported holding (affiliate)2,768,425 sharesNeuberger Berman Investment Advisers LLC reported shared power line in table
Key Terms
beneficially owned, shared dispositive power, Schedule 13G/A, information barrier
4 terms
beneficially ownedregulatory
"Amount beneficially owned: 2,771,306"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Shared Dispositive Power 2,771,306.00"
Schedule 13G/Aregulatory
"form_type: SCHEDULE 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
information barriercompliance
"separated from the NBG Filers by an information barrier"
What does Neuberger Berman report for Sweet Green (SG)?
It reports 2,771,306 shares beneficially owned, representing 2.6% of Sweet Green Class A common stock, with shared voting and dispositive power across affiliated fiduciary entities.
Does the filing say Neuberger Berman solely controls the shares?
No. The filing states 0 sole voting power and 0 sole dispositive power, and reports shared voting and dispositive power over the 2,771,306 shares.
Which Neuberger Berman entities are named in the Schedule 13G/A?
Named filers include Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC, plus affiliated trusts and subsidiaries cited as potentially beneficial owners in fiduciary capacities.
Is the reported ownership subject to any regulatory disclaimers?
Yes. The filing includes disclaimers under Exchange Act Rule 13d-4 and notes certain subsidiaries separated by an information barrier per SEC Release No. 34-39538 are not reflected in this filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Sweet Green CL A
(Name of Issuer)
Common
(Title of Class of Securities)
87043Q108
(CUSIP Number)
05/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
87043Q108
1
Names of Reporting Persons
Neuberger Berman Group LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,771,306.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,771,306.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,771,306.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.6 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
87043Q108
1
Names of Reporting Persons
Neuberger Berman Investment Advisers LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,768,425.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,768,425.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,768,425.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sweet Green CL A
(b)
Address of issuer's principal executive offices:
3102 36TH STREET, Los Angeles, CA, 90018.
Item 2.
(a)
Name of person filing:
Neuberger Berman Group LLC
Neuberger Berman Investment Advisers LLC
(b)
Address or principal business office or, if none, residence:
1290 Avenue of the Americas
New York, NY 10104
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Common
(e)
CUSIP No.:
87043Q108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
2,771,306
Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd.,
Neuberger Berman Canada ULC, and Neuberger Berman Investment Advisers LLC and certain affiliated persons
may be deemed to beneficially own the securities covered by this report in their various fiduciary capacities by
virtue of the provisions of Exchange Act Rule 13d-3. Neuberger Berman Group LLC, through its subsidiaries
Neuberger Berman Investment Advisers Holdings LLC and Neuberger Trust Holdings LLC controls Neuberger
Berman Trust Co N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, Neuberger Berman Trust
Co of Delaware N.A. and Neuberger Berman Investment Advisers LLC and certain affiliated persons.
This report is not an admission that any of these entities are the beneficial owner of the securities covered by this
report and each of Neuberger Berman Group LLC, Neuberger Berman Investment Advisers Holdings LLC,
Neuberger Trust Holdings LLC, Neuberger Berman Trust Co N.A., Neuberger Berman Asia Ltd., Neuberger
Berman Canada ULC, Neuberger Berman Trust Co of Delaware N.A. and Neuberger Berman Investment Advisers
LLC and certain affiliated persons disclaim beneficial ownership of the securities covered by this statement
pursuant to Exchange Act Rule 13d-4.
The information in this filing reports securities of the issuer that may be deemed to be beneficially owned by
Neuberger Berman Group LLC, Neuberger Berman Investment Advisers Holdings LLC, Neuberger Trust Holdings
LLC, Neuberger Berman Trust Co N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, Neuberger
Berman Trust Co of Delaware N.A. and Neuberger Berman Investment Advisers LLC ("NBG Filers"). The securities
of the issuer, if any, that may be deemed to be beneficially owned by NB Alternatives Advisers LLC and other
subsidiaries of Neuberger Berman Group LLC that are separated from the NBG Filers by an information barrier in
accordance with SEC Release No. 34-39538 (January 12, 1998) are not reflected in this filing.
(b)
Percent of class:
2.6%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
2,771,306
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
2,771,306
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
