Eisenacher Matthew 4
4 · First Watch Restaurant Group, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
First Watch (FWRG) Chief Brand Officer Matthew Eisenacher Sells Shares
What Happened
Matthew Eisenacher, Chief Brand Officer of First Watch Restaurant Group (FWRG), sold 2,760 shares of company stock on March 17, 2026, for a reported weighted-average price of $12.52 per share, generating approximately $34,555 in proceeds. This was a sale (not a purchase) and was executed as a mandatory sell-to-cover tied to the vesting of restricted stock units — not an independent, discretionary trade.
Key Details
- Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely per Form 4 rules).
- Reported shares sold: 2,760 at a weighted-average price of $12.52; total proceeds ≈ $34,555.
- Footnote F1: Sale was mandatory by the issuer to cover tax withholding obligations from RSU vesting — not a discretionary sale by the insider.
- Footnote F2: The $12.52 figure is a weighted average of multiple broker sales executed at prices ranging from $11.98 to $12.70; proceeds were allocated pro rata among employees. The filer can provide a detailed price breakdown on request.
- Shares owned after the transaction: Not disclosed in the provided filing.
Context
Sell-to-cover transactions are routine administrative sales that occur when restricted stock units vest and shares must be sold to satisfy tax withholding. They generally do not signal the insider’s discretionary view of the company’s stock price.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-17$12.52/sh−2,760$34,555→ 67,223 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.