Form 4: Sweetgreen's Chief Concept Officer, Nicolas Jammet, Executes Stock Transactions

Nicolas Jammet, Chief Concept Officer at Sweetgreen, executed transactions involving Class A Common Stock, including the acquisition of 150,000 shares via conversion and the sale of 150,000 shares.

Summary

• Nicolas Jammet, Sweetgreen's Chief Concept Officer, filed a Form 4 detailing changes in beneficial ownership.
• On May 15, 2024, Jammet acquired 150,000 shares of Class A Common Stock through conversion at $0.
• Simultaneously, Jammet sold 150,000 shares of Class A Common Stock at a weighted average price of $31.3025, with prices ranging from $31.30 to $31.69.
• Following these transactions, Jammet directly owns 0 shares of Class A Common Stock and indirectly owns shares through various trusts.
• Jammet also indirectly holds derivative securities, including Class B Common Stock convertible into Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions may influence investor perception of Sweetgreen's stock.
• The filing ensures transparency for shareholders regarding insider trading activities.

Key Dates