Neuberger Berman Group LLC reports shared beneficial ownership of 5,854,091 shares of Sweetgreen Class A common stock, representing 5.4% of the class as of 03/31/2026. The filing states the reported total includes shares the reporting persons have the right to acquire within 60 days, including upon exercise of options. The filing attributes voting and dispositive authority as shared among affiliated Neuberger entities and disclaims economic interest for client accounts.
Positive
None.
Negative
None.
Insights
Neuberger Berman reports a 5.4% shared stake in Sweetgreen driven by aggregated client and fiduciary holdings.
The filing lists 5,854,091 shares as beneficially owned with shared voting and dispositive power across Neuberger entities; it notes inclusion of shares exercisable within 60 days. This reflects aggregated client/fiduciary positions rather than a single proprietary economic stake.
Cashflow treatment and specific client-level holders are not listed; subsequent filings or fund disclosures may identify which client accounts hold material portions of this stake.
Key Figures
Beneficial ownership:5,854,091 sharesPercent of class:5.4%Shared voting power:5,854,091 shares+3 more
6 metrics
Beneficial ownership5,854,091 sharesAmount beneficially owned reported in Item 4
Percent of class5.4%Percent of class reported in Item 4(b)
Shared voting power5,854,091 sharesShared power to vote listed in Item 4(c)(ii)
Exercise/include period60 daysReported inclusion window for shares the reporting persons have the right to acquire
Sole voting/dispositive power0Number of shares with sole voting/dispositive power
Key Terms
beneficially owned, shared dispositive power, Exchange Act Rule 13d-3, exercisable within 60 days
4 terms
beneficially ownedregulatory
"Amount beneficially owned: 5,854,091"
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 5,854,091.00"
Exchange Act Rule 13d-3regulatory
"may be deemed to beneficially own the securities covered by this report by virtue of the provisions of Exchange Act Rule 13d-3"
exercisable within 60 daysfinancial
"includes shares of Class A common stock that the reporting persons have the right to acquire within 60 days"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Sweet Green CL A
(Name of Issuer)
Common
(Title of Class of Securities)
87043Q108
(CUSIP Number)
03/31/2026
(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
5,854,091.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,854,091.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,854,091.00
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)
5.4 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: The number reported herein includes shares of Class A common stock that the reporting persons have the right to acquire
within 60 days, including upon the exercise of options.
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
5,853,572.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,853,572.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,853,572.00
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)
5.4 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: The number reported herein includes shares of Class A common stock that the reporting persons have the right to acquire
within 60 days, including upon the exercise of options.
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 Number(s):
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:
5,854,091
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:
5.4%
(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:
5,854,091
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
5,854,091
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Neuberger Berman Group LLC and its affiliates may be deemed to be beneficial owners of securities for purposes
of Exchange Act Rule 13d-3 because they or certain affiliated persons have shared power to retain, dispose of or
vote the securities of unrelated clients. Neuberger Berman Group LLC or its affiliated persons do not, however,
have any economic interest in the securities of those clients. The clients have the sole right to receive and the
power to direct the receipt of dividends from or proceeds from the sale of such securities. Other than named in this
filing, no one client has an interest of more than 5% of the issuer. With regard to the shares set forth under item 4(c)
(ii), Neuberger Berman Group LLC may be deemed to be the beneficial owner for purposes of Rule 13d-3 because
certain affiliated persons have shared power to retain, dispose of and vote the securities. In addition to the holdings
of individual advisory clients, Neuberger Berman Investment Advisers LLC serves as investment manager of
Neuberger Berman Group LLC's various registered mutual funds which hold such shares. The holdings belonging
to clients of 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 are also aggregated
to comprise the holdings referenced herein. In addition to the shares set forth under Item 4(c)(ii) for which
Neuberger entities also have shared power to dispose of the shares, item 4(c)(iv) also includes shares from
individual client accounts over which Neuberger Berman Investment Advisers LLC has shared power to dispose but
does not have voting power over these shares. The holdings of 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, are also aggregated to comprise the holdings referenced herein.
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.
What stake does Neuberger Berman report in Sweetgreen (SG)?
Neuberger Berman reports beneficial ownership of 5,854,091 shares, representing 5.4% of Sweetgreen Class A common stock as of 03/31/2026. The count includes shares exercisable within 60 days.
Does Neuberger Berman have sole voting control over the shares?
No. The filing reports 0 shares with sole voting power and 5,854,091 shares with shared voting power, indicating collective voting authority among affiliated entities.
Are these Neuberger holdings proprietary or client/fiduciary assets?
The filing states the holdings reflect aggregated client and fiduciary accounts; Neuberger entities disclaim economic interest and note many shares are held on behalf of clients under fiduciary capacities.
Does the filing disclose which specific funds or clients own the shares?
No. The filing aggregates holdings across Neuberger affiliates and states individual client identities are not listed; it does not name specific funds or accounts holding more than 5%.
What does the comment about shares exercisable within 60 days mean?
The filing explains the reported share total includes shares the reporting persons may acquire within 60 days, such as upon exercise of options, which increases the reported beneficial count used to calculate the 5.4% figure.
