Form 4: Sweetgreen Director Nathaniel Ru Reports Stock Grant and Sale to Cover Tax Obligations
SEC Form 4 Filing
Director Nathaniel Ru of Sweetgreen, Inc. reports receiving a grant of restricted stock units and selling shares to cover tax obligations.
Summary
- On March 15, 2025, Nathaniel Ru, a director of Sweetgreen, Inc., acquired 5,292 shares of Class A Common Stock through a grant of fully vested Restricted Stock Units (RSUs).
- Each RSU represents the right to receive one share of Sweetgreen's Class A common stock upon settlement.
- On March 17, 2025, Ru sold 2,123 shares of Class A Common Stock at a price of $23.8 per share.
- The sale was mandated by Sweetgreen's equity incentive plans to cover tax withholding obligations.
- Following these transactions, Ru beneficially owns 1,785,099 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, which are neutral in sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Grant of 5,292 Restricted Stock Units (RSUs) |
| 03/17/2025 | Sale of 2,123 shares of Class A Common Stock at $23.8 per share to cover tax obligations |
| 03/18/2025 | Date of signature for the Form 4 filing |
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