HOPE H MELVILLE III 4
4 · First Watch Restaurant Group, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
First Watch (FWRG) CFO Hope H. Melville III Sells Shares
What Happened Hope H. Melville III, Chief Financial Officer and Treasurer of First Watch Restaurant Group, sold 3,878 shares on March 17, 2026, for total proceeds of $48,553. The Form 4 reports a weighted-average sale price of $12.52 per share; the sales were executed to satisfy tax-withholding obligations tied to the vesting of restricted stock units (RSUs), not as a discretionary trade.
Key Details
- Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (within the usual two-business-day reporting window).
- Shares sold: 3,878; reported weighted-average price: $12.52; total proceeds: $48,553.
- Price range: shares were sold in multiple transactions at prices from $11.98 to $12.70 (per footnote).
- Nature of sale: Mandatory "sell-to-cover" to satisfy tax withholding on RSU vesting (footnote F1); sale executed by broker/issuer and proceeds allocated pro rata to employees (footnote F2).
- Shares owned after transaction: not provided in the supplied filing excerpt.
Context These sales were routine sell-to-cover transactions associated with RSU vesting and are generally used solely to cover tax liabilities; they are not necessarily an indicator of the insider's view on the company. The filing notes the reporting person can provide a breakdown of the number of shares sold at each price upon request.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-17$12.52/sh−3,878$48,553→ 111,787 total
Footnotes (2)
- [F1]Represents the number of shares sold by Issuer on behalf of the reporting owner, which sale is mandatory pursuant to Issuer's policies to cover necessary tax withholding obligations in connection with the vesting of restricted stock units. Such sales do not represent a discretionary trade by the reporting owner.
- [F2]The price reported in column 4 represents the weighted average price of the common stock sold by the broker on behalf of the employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of restricted stock units. These shares were sold in multiple transactions at prices ranging from $11.98 to $12.70, inclusive. The proceeds of all such sales were allocated to the employees, including the reporting person, on a pro rata basis. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.