Neil Harris Blumenthal - 24 Oct 2021 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
Director
Signature
/s/ Andrew Glickman, Attorney-in-fact
Issuer symbol
SG
Transactions as of
24 Oct 2021
Net transactions value
$0
Form type
4
Filing time
23 Nov 2021, 17:09:54 UTC
Previous filing
05 Oct 2021
Next filing
02 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Common Stock Award $0 +10,000 +13% $0.000000 85,000 24 Oct 2021 Direct F1
transaction SG Common Stock Other -85,000 -100% 0 22 Nov 2021 Direct F2
transaction SG Class A Common Stock Other +85,000 85,000 22 Nov 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement was met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement was satisfied with respect to 25% of the shares on each of August 15, 2021 and November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022 and May 15, 2022, subject to the reporting person's continuous service through each applicable vesting date.
F2 Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO.
F3 Includes 10,000 shares subject to RSUs.