Jones John Daniel 4

4 · First Watch Restaurant Group, Inc. · Filed Mar 19, 2026

AI-generated summary of this filing

Updated Mar 19, 2026

First Watch (FWRG) COO John Daniel Jones Sells 1,697 Shares

What Happened

John Daniel Jones, Chief Operations Officer of First Watch Restaurant Group (FWRG), sold 1,697 shares on 2026-03-17 for a total of $21,246. The reported weighted-average price was $12.52 per share. The sale was a disposition (code S) and was done to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs), not a discretionary open-market trade.

Key Details

Transaction date: 2026-03-17; Filing date: 2026-03-19 (timely Form 4 filing).
Price: reported weighted average $12.52; actual sale prices ranged from $11.98 to $12.70 across multiple broker trades.
Shares sold: 1,697; proceeds allocated pro rata among employees, including the reporting person.
Shares owned after the transaction: not disclosed in the provided data.
Footnotes: F1 notes the sale was mandatory to cover tax withholding for RSU vesting; F2 explains the weighted-average price and offers to provide a breakdown of shares sold at each price on request.
Transaction code: S = Sale; this was a sell-to-cover for tax withholding (routine), not necessarily a signal of sentiment.

Context

Sell-to-cover transactions accompany RSU vesting and are routine administrative actions to pay taxes; they generally do not reflect an insider actively reducing exposure for investment reasons.
No indication of a 10% owner or a 10b5-1 trading plan in the filing.

Form 4

Period: 2026-03-17

Chief Operations Officer

Transactions

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.

Signature

/s/ Jay Wolszczak, as attorney-in-fact|2026-03-19

1 file