Form 4: Sweetgreen Director Clifford Burrows Receives Fully Vested RSU Grant

Sweetgreen, Inc. Director Clifford Burrows was granted 13,755 fully vested Restricted Stock Units, which he has elected to defer.

Summary

• Clifford Burrows, a Director of Sweetgreen, Inc. (SG), was granted 13,755 shares of Class A Common Stock in the form of fully vested Restricted Stock Units (RSUs).
• The transaction occurred on June 12, 2025, with a reported price of $0 per RSU, indicating a grant rather than a purchase.
• Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock upon settlement.
• Mr. Burrows has elected to defer the receipt of these shares.
• Following this transaction, Clifford Burrows beneficially owns 120,320 shares directly and 19,200 shares indirectly through a trust, totaling 139,520 shares.

Sentiment

Score: 6

Explanation: The grant of fully vested RSUs to a director is generally a neutral to slightly positive event, as it aligns management incentives with shareholder interests, though it represents compensation rather than a direct investment.

Positives

• The grant of fully vested Restricted Stock Units aligns the director's interests with those of the shareholders, as his compensation is tied to the company's equity performance.
• It represents a form of compensation for the director's service to the company.

Negatives

• The future settlement of these RSUs will result in a minor dilution of existing shareholder equity, although the amount is relatively small.

Stakeholder Impact

• Shareholders: Potential minor future dilution upon RSU settlement, but also improved alignment of director's interests with company performance.
• Clifford Burrows (Reporting Person): Receives equity compensation for his role as a director.

Key Dates

Keywords

Sweetgreen, SG, Clifford Burrows, Restricted Stock Units, RSU grant, insider transaction, SEC Form 4, director compensation, equity compensation