[Form 4] First Watch Restaurant Group, Inc. Insider Trading Activity
Advent International, L.P. reported a sale of common stock of First Watch Restaurant Group, Inc. (FWRG) on 08/08/2025. The filing shows a disposal of 5,000,000 shares at a reported price of $17.70 per share, leaving 9,689,784 shares beneficially owned following the transaction. The reporting persons include Advent International GP, LLC, and the form is signed by Neil Crawford, Vice President of Finance, on 08/12/2025. The Form 4 notes an incorporated footnote (Exhibit 99.1) for additional detail about indirect ownership.
Advent International, L.P. ha segnalato la vendita di azioni ordinarie di First Watch Restaurant Group, Inc. (FWRG) il 08/08/2025. La comunicazione indica la cessione di 5,000,000 azioni a un prezzo di $17.70 per azione, lasciando 9,689,784 azioni in possesso dopo la transazione. I soggetti segnalanti includono Advent International GP, LLC, e il modulo 猫 firmato da Neil Crawford, Vice President of Finance in data 08/12/2025. Il Form 4 riporta una nota incorporata (Exhibit 99.1) con ulteriori dettagli sulla propriet脿 indiretta.
Advent International, L.P. inform贸 la venta de acciones comunes de First Watch Restaurant Group, Inc. (FWRG) el 08/08/2025. La presentaci贸n muestra la enajenaci贸n de 5,000,000 acciones a un precio informado de $17.70 por acci贸n, dejando 9,689,784 acciones en propiedad beneficiosa tras la operaci贸n. Las personas que informan incluyen a Advent International GP, LLC, y el formulario fue firmado por Neil Crawford, Vice President of Finance el 08/12/2025. El Form 4 contiene una nota incorporada (Exhibit 99.1) con detalles adicionales sobre la titularidad indirecta.
Advent International, L.P.电� 08/08/2025鞐� First Watch Restaurant Group, Inc. (FWRG)鞚� 氤错喌欤� 毵り皝鞚� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐惖鐢 欤茧嫻 $17.70鞚� 氤搓碃 臧�瓴╈溂搿� 5,000,000欤�毳� 觳橂秳頄堨溂氅� 瓯半灅 頉勳棎电� 9,689,784欤�毳� 瓿勳啀頃挫劀 鞁れ 氤挫湢頃橁碃 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞁犼碃鞚胳棎电� Advent International GP, LLC 霌膘澊 韽暔霅橂┌, 靹滌嫕鞚� 08/12/2025鞐� 鞛攵�氍� 攵�靷灔 Neil Crawford臧� 靹滊獏頄堨姷雼堧嫟. Form 4鞐惖鐢 臧勳爲 氤挫湢鞐� 甏�頃� 於旉皜 靹る獏鞚� 雼挫潃 觳秬 臧侅＜(Exhibit 99.1)臧� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Advent International, L.P. a signal茅 la vente d'actions ordinaires de First Watch Restaurant Group, Inc. (FWRG) le 08/08/2025. Le d茅p么t indique la cession de 5,000,000 actions au prix d茅clar茅 de $17.70 par action, laissant 9,689,784 actions d茅tenues apr猫s la transaction. Les d茅clarants incluent Advent International GP, LLC, et le formulaire est sign茅 par Neil Crawford, Vice President of Finance le 08/12/2025. Le Form 4 mentionne une note incorpor茅e (Exhibit 99.1) pour des d茅tails suppl茅mentaires sur la propri茅t茅 indirecte.
Advent International, L.P. meldete den Verkauf von Stammaktien von First Watch Restaurant Group, Inc. (FWRG) am 08/08/2025. Die Einreichung zeigt die Ver盲u脽erung von 5,000,000 Aktien zu einem gemeldeten Preis von $17.70 je Aktie, wobei nach der Transaktion noch 9,689,784 Aktien wirtschaftlich gehalten werden. Zu den meldenden Personen geh枚rt Advent International GP, LLC, und das Formular wurde am 08/12/2025 von Neil Crawford, Vice President of Finance unterzeichnet. Im Form 4 ist eine eingebundene Fu脽note (Exhibit 99.1) mit zus盲tzlichen Angaben zur indirekten Eigent眉merschaft enthalten.
- Timely disclosure of insider activity by a 10% owner and director, filed on Form 4 and signed by an authorized officer
- Specific transaction details provided: date (08/08/2025), shares disposed (5,000,000) and price ($17.70), plus post-transaction beneficial ownership (9,689,784)
- Footnote and exhibit referenced (Exhibit 99.1) for additional ownership detail, indicating supplemental disclosure is available
- Large sale by a 10% owner and director (5,000,000 shares) could be interpreted negatively by investors absent explanatory context
- Materiality cannot be fully assessed because the filing does not state total shares outstanding or whether the sale was part of a pre-existing plan
- Indirect ownership remains substantial (9,689,784 shares), but the nature of the indirect ownership is only described by a footnote reference rather than inline detail
Insights
TL;DR: A large block sale of 5.0M FWRG shares was reported; materiality is unclear without outstanding share count or market-context.
The filing documents a significant disposition of 5,000,000 shares at $17.70 on 08/08/2025, leaving 9,689,784 shares beneficially owned indirectly. For valuation or market-impact conclusions, investors need total shares outstanding and recent trading volumes, which are not provided in this filing. The disclosure is timely and conforms to Section 16 reporting requirements, enabling market participants to see changes in large-holder positions.
TL;DR: A director and 10% owner reported a substantial sale, which is a noteworthy governance signal but lacks contextual details.
The reporting entity is identified as a Director and 10% owner, and the transaction code indicates a sale. A disposal of 5,000,000 shares by a 10% holder and director is significant from a governance and signaling perspective. The Form 4 properly references an exhibit for footnote details and is signed by an authorized representative. Absent additional context on timing, allocation, or pre-arranged plans (e.g., Rule 10b5-1), the sale raises governance-related questions that require further disclosure to fully assess intent and materiality.
Advent International, L.P. ha segnalato la vendita di azioni ordinarie di First Watch Restaurant Group, Inc. (FWRG) il 08/08/2025. La comunicazione indica la cessione di 5,000,000 azioni a un prezzo di $17.70 per azione, lasciando 9,689,784 azioni in possesso dopo la transazione. I soggetti segnalanti includono Advent International GP, LLC, e il modulo 猫 firmato da Neil Crawford, Vice President of Finance in data 08/12/2025. Il Form 4 riporta una nota incorporata (Exhibit 99.1) con ulteriori dettagli sulla propriet脿 indiretta.
Advent International, L.P. inform贸 la venta de acciones comunes de First Watch Restaurant Group, Inc. (FWRG) el 08/08/2025. La presentaci贸n muestra la enajenaci贸n de 5,000,000 acciones a un precio informado de $17.70 por acci贸n, dejando 9,689,784 acciones en propiedad beneficiosa tras la operaci贸n. Las personas que informan incluyen a Advent International GP, LLC, y el formulario fue firmado por Neil Crawford, Vice President of Finance el 08/12/2025. El Form 4 contiene una nota incorporada (Exhibit 99.1) con detalles adicionales sobre la titularidad indirecta.
Advent International, L.P.电� 08/08/2025鞐� First Watch Restaurant Group, Inc. (FWRG)鞚� 氤错喌欤� 毵り皝鞚� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐惖鐢 欤茧嫻 $17.70鞚� 氤搓碃 臧�瓴╈溂搿� 5,000,000欤�毳� 觳橂秳頄堨溂氅� 瓯半灅 頉勳棎电� 9,689,784欤�毳� 瓿勳啀頃挫劀 鞁れ 氤挫湢頃橁碃 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞁犼碃鞚胳棎电� Advent International GP, LLC 霌膘澊 韽暔霅橂┌, 靹滌嫕鞚� 08/12/2025鞐� 鞛攵�氍� 攵�靷灔 Neil Crawford臧� 靹滊獏頄堨姷雼堧嫟. Form 4鞐惖鐢 臧勳爲 氤挫湢鞐� 甏�頃� 於旉皜 靹る獏鞚� 雼挫潃 觳秬 臧侅＜(Exhibit 99.1)臧� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Advent International, L.P. a signal茅 la vente d'actions ordinaires de First Watch Restaurant Group, Inc. (FWRG) le 08/08/2025. Le d茅p么t indique la cession de 5,000,000 actions au prix d茅clar茅 de $17.70 par action, laissant 9,689,784 actions d茅tenues apr猫s la transaction. Les d茅clarants incluent Advent International GP, LLC, et le formulaire est sign茅 par Neil Crawford, Vice President of Finance le 08/12/2025. Le Form 4 mentionne une note incorpor茅e (Exhibit 99.1) pour des d茅tails suppl茅mentaires sur la propri茅t茅 indirecte.
Advent International, L.P. meldete den Verkauf von Stammaktien von First Watch Restaurant Group, Inc. (FWRG) am 08/08/2025. Die Einreichung zeigt die Ver盲u脽erung von 5,000,000 Aktien zu einem gemeldeten Preis von $17.70 je Aktie, wobei nach der Transaktion noch 9,689,784 Aktien wirtschaftlich gehalten werden. Zu den meldenden Personen geh枚rt Advent International GP, LLC, und das Formular wurde am 08/12/2025 von Neil Crawford, Vice President of Finance unterzeichnet. Im Form 4 ist eine eingebundene Fu脽note (Exhibit 99.1) mit zus盲tzlichen Angaben zur indirekten Eigent眉merschaft enthalten.
FAQ
What transaction did Advent International report on Form 4 for FWRG?
How many FWRG shares does Advent International beneficially own after the transaction?
Who signed the Form 4 for Advent International?
Does the Form 4 include additional explanatory information about ownership?
Was the filing made by more than one reporting person?
