Jonathan Neman - 25 Nov 2024 Form 4 Insider Report for Sweetgreen, Inc. (SG)

Signature
/s/ Ashley Van, Attorney-in-Fact
Issuer symbol
SG
Transactions as of
25 Nov 2024
Transactions value $
-$1,180,190
Form type
4
Filing time
27 Nov 2024, 17:39:45 UTC
Previous filing
07 Nov 2024
Next filing
05 Dec 2024

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 +11,796 $0 11,796 25 Nov 2024 See footnote F1, F2
transaction SG Class A Common Stock Sale -$530,820 -11,796 -100% $45 0 25 Nov 2024 See footnote F2, F3
transaction SG Class A Common Stock Options Exercise $14,155 +14,745 +0.76% $0.96 1,944,973 25 Nov 2024 Direct F4
transaction SG Class A Common Stock Sale -$663,525 -14,745 -0.76% $45 1,930,228 25 Nov 2024 Direct F3, F4
holding SG Class A Common Stock 943,991 25 Nov 2024 See footnote F5
holding SG Class A Common Stock 50,000 25 Nov 2024 By spouse

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 -11,796 -0.32% $0 3,642,270 25 Nov 2024 Class A Common Stock 11,796 See footnote F1, F2
transaction SG Stock Option (Right to Buy) Options Exercise $0 -14,745 -26.07% $0 41,805 25 Nov 2024 Class A Common Stock 14,745 $0.96 Direct F6
holding SG Class B Common Stock 177,040 25 Nov 2024 Class A Common Stock 177,040 See footnote F1, F7
holding SG Class B Common Stock 500,000 25 Nov 2024 Class A Common Stock 500,000 See footnote F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Jonathan Neman Revocable Trust U/T/A dated October 7, 2016.
F3 The shares were sold pursuant to a 10b5-1 plan dated June 10, 2024.
F4 Includes 1,800,000 shares subject to restricted stock units that vest over time and if and to the extent the issuer's stock price reaches specified levels.
F5 The shares are held by the JDRB Trust.
F6 Fully vested.
F7 The shares are held by Nicolas H. Jammet, as Trustee of the Jonathan Neman 2014 GRAT.
F8 The shares are held by the Neman Descendants Trust U/T/A dated September 3, 2021.