First Watch Restaurant Group Inc
For the period ended Mar 30, 2025. Filed May 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2025 · Filed May 6, 2025
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Item 5. Other Information
Insider Adoption or Termination of Trading Arrangements:
During the fiscal quarter ended March 30, 2025, none of our directors or officers adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408, except as described in the table below:
| Name & Title | Date Adopted | Character of Trading Arrangement (1) | Aggregate Number of Shares of Common Stock to be Sold Pursuant to Trading Arrangement | Duration (2) |
|---|---|---|---|---|
| Christoper A. Tomasso, President and Chief Executive Officer | 3/12/2025 | Rule 10b5-1 Trading Arrangement | Up to 935,825 shares to be sold (3) | 7/24/2026 |
| Henry Melville Hope, III, Chief Financial Officer and Treasurer | 3/12/2025 | Rule 10b5-1 Trading Arrangement | Up to 177,570 shares to be sold (4) | 3/12/2026 |
| Jay Wolszczak, Chief Legal Officer, General Counsel & Secretary | 3/12/2025 | Rule 10b5-1 Trading Arrangement | Up to 70,000 shares to be sold (5) | 3/12/2026 |
(1) Each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the “Rule”).
(2) Each trading arrangement permits transactions through and including the earliest to occur of (i) the completion of all purchases or sales or the expiration of all of the orders relating to such trades, or (ii) the date listed in the table. Trading arrangements marked as a “Rule 10b5-1 Trading Arrangement” only permits transactions upon the expiration of the applicable mandatory cooling-off period under the Rule.
(3) Mr. Tomasso’s trading plan provides for the sale of up to 935,825 shares on a quarterly basis as follows: (i) Up to 233,955 shares during the first quarterly period beginning on the later of June 16, 2025 or the end of the applicable mandatory cooling-off period and ending 90 days later, (ii) up to 233,955 shares during the second quarterly period, (iii) up to 233,955 shares during the third quarterly period, and (iv) up to 233,955 shares during the fourth quarterly period. The sales in each quarterly period are subject to limit prices.
(4) Mr. Hope’s trading plan provides for the sale of up to 177,570 shares after the applicable mandatory cooling-off period subject to limit prices.
(5) Mr. Wolszczak’s trading plan provides for the sale of up to 70,000 shares after the applicable mandatory cooling-off period subject to limit prices.
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