Company: FWRG
Filing Date: 2025-11-05
Form Type: S-3ASR
Source: 0001628280-25-049615
Chunk: 15

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-11-05
Form: S-3ASR
Chunk 15
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ELLING STOCKHOLDERS
The selling stockholders indicated below may resell from time to time up to 5,289,784 shares of our common stock (plus an indeterminate number of shares of our common stock that may be issued upon stock splits, stock dividends or similar transactions in accordance with Rule 416 under the Securities Act). Unless the context otherwise requires, as used in this prospectus, “selling stockholders” includes the selling stockholders named in the table below and donees, pledgees, transferees or other successors-in-interest selling shares received from the selling stockholders as a gift, pledge, partnership distribution or other transfer after the date of this prospectus, and any such persons will be named in the applicable prospectus supplement.

The following table shows information as of November 4, 2025 regarding (i) the number of shares of common stock held of record or beneficially by the selling stockholders as of such date (as determined below) and (ii) the number of shares that may be offered under this prospectus by the selling stockholders. The beneficial ownership of the common stock set forth in the following table is determined in accordance with Rule 13d-3 under the Exchange Act, and the information is not necessarily indicative of beneficial ownership for any other purpose.

The percentage of shares owned prior to completion of the offering is based on 61,032,105 shares of common stock outstanding as of October 31, 2025.

|                                                      |     | Shares of common stock         
 beneficially owned before this 
 offering                       |     |           |     |                      |     |   |     | Shares of           
 common stock        
 offered             
 pursuant to this    
 prospectus          |     |           |     | Shares of common stock        
 beneficially owned after this 
 offering                      |     |   |     |            |   |
| Name of selling stockholders                         |     | Number of shares(1)            |     |           |     | Percentage of shares |     |   |     | Number of shares(1) |     |           |     | Number of shares              |     |   |     | Percentage 
 of shares  |   |
| Funds managed by Advent International Corporation(2) |     |                                |     | 5,289,784 |     |                      | 8.7 | % |     |                     |     | 5,289,784 |     |                               |     | — |     |            | — |

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(1) We