Sweetgreen, Inc. — Director's Dealing 2021

Nov 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sweetgreen, Inc. (SG)
CIK: 0001477815
Period of Report: 2021-10-24

Reporting Person: BURROWS CLIFFORD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-24	Common Stock	A	10000	$0.00	Acquired	70000	Direct
2021-11-22	Common Stock	J	70000	—	Disposed	0	Direct
2021-11-22	Class A Common Stock	J	70000	—	Acquired	70000	Direct
2021-11-22	Class A Common Stock	P	8928	$28.00	Acquired	78928	Direct

Footnotes

F1: Represents restricted stock units ("RSUs") that are subject to both a time based vesting requirement and a liquidity event vesting requirement. The liquidity event vesting requirement was met upon the consummation of the initial public offering of the Issuer's Class A Common Stock (the "IPO"). The time based vesting requirement was satisfied with respect to 25% of the shares on November 15, 2021 and will be satisfied with respect to an additional 25% of the shares on each of February 15, 2022, May 15, 2022 and August 15, 2022, subject to the reporting person's continuous service through each applicable vesting date.

F2: Each share of Common Stock was reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO.

F3: Includes 10,000 shares subject to RSUs.