Form 4: Sweetgreen Director Julie Bornstein Sells Shares Under 10b5-1 Plan

Sweetgreen director Julie Bornstein sold a total of 4,464 Class A common stock shares on November 27, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Julie Bornstein, a director at Sweetgreen, Inc., sold 2,900 shares of Class A common stock at a weighted average price of $41.86 on November 27, 2024.
• These shares were sold in multiple transactions with prices ranging from $41.33 to $42.31.
• Additionally, Ms. Bornstein sold 1,564 shares of Class A common stock at a weighted average price of $42.57 on the same day.
• These shares were also sold in multiple transactions with prices ranging from $42.33 to $43.04.
• The sales were executed under a pre-arranged 10b5-1 trading plan established on August 20, 2024.
• Following these transactions, Ms. Bornstein beneficially owns 32,637 shares of Class A common stock.

Sentiment

Score: 5

Explanation: The document reports a routine insider stock sale under a pre-arranged plan, which is neither particularly positive nor negative.

Risks

• Sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and these transactions are closely monitored by regulators and investors.

Comparison to Industry Standards

• Sales under 10b5-1 plans are a common practice for corporate insiders to avoid accusations of trading on non-public information.
• The reported transactions are typical for directors and officers of public companies.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but are unlikely to have a significant effect on the company's operations or other stakeholders.

Key Dates

Keywords

Sweetgreen, insider trading, Form 4, Julie Bornstein, stock sale, 10b5-1 plan, director, SG