Nicolas Jammet - 30 Aug 2023 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Role
Chief Concept Officer, Director
Signature
/s/ Eric Steiner, Attorney-in-fact
Issuer symbol
SG
Transactions as of
30 Aug 2023
Net transactions value
-$355,000
Form type
4
Filing time
01 Sep 2023, 18:02:42 UTC
Previous filing
13 Mar 2023
Next filing
28 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SG Class A Common Stock Conversion of derivative security $0 +25,000 $0.000000 25,000 30 Aug 2023 See footnote F1, F2
transaction SG Class A Common Stock Sale $355,000 -25,000 -100% $14.20 0 30 Aug 2023 See footnote F2, F3
holding SG Class A Common Stock 2,100,000 30 Aug 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SG Class B Common Stock Conversion of derivative security $0 -25,000 -0.71% $0.000000 3,493,497 30 Aug 2023 Class A Common Stock 25,000 See footnote F1, F2
holding SG Class B Common Stock 183,507 30 Aug 2023 Class A Common Stock 183,507 See footnote F1, F5
holding SG Class B Common Stock 500,000 30 Aug 2023 Class A Common Stock 500,000 See footnote F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock.
F2 The shares are held by Nicolas Jammet Revocable Trust U/T/A dated October 7, 2016.
F3 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.97 to $14.33. The reporting person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Represents restricted stock units that vest to the extent the issuer's stock price reaches specified levels.
F5 The shares are held by Patrick Jammet, as Trustee of the Nicolas H. Jammet 2014 GRAT.
F6 The shares are held by the Jammet Descendants Trust U/T/A dated September 3, 2021.