Company: FWRG
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001628280-25-050306
Chunk: 45

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 45
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 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 |     |                               |     | — |     |            | — |

__________________

(1) We do not know when or in what amounts the selling stockholders may offer shares of common stock for sale. The selling stockholders may decide not to sell any or all of the shares offered by this prospectus. Because the selling stockholders may offer all or some of the shares pursuant to this offering, we cannot estimate the number of the shares that will be held by the selling stockholders after completion of the offering. However, for purposes of this table, we have assumed that, after completion of the offering, none of the shares covered by this prospectus will be held by the selling stockholders.

(2) Amount includes: (i) 317