Company: FWRG
Filing Date: 2025-04-08
Form Type: ARS
Source: 0001789940-25-000033
Chunk: 3

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: ARS
Chunk 3
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 First Watch — the leader in Daytime Dining. Between our culture, our culinary strategy, our unit growth plans, the quality of our people and the high-level of service they deliver, we are unstoppable. Let’s do this! Chris Tomasso CEO & President First Watch Restaurant Group 2 0 2 4 A N N U A L R E P O R T WHAT FIRST WATCH IS SERVING UP IN 2025 This letter contains forward-looking statements, including related to our plans to serve more demand by opening new restaurants, acquiring franchise-owned restaurants, and implementing new technology systems and equipment. Please refer to “Cautionary Note Regarding Forward-Looking Statements” on page 4 of our Annual Report on Form 10-K attached hereto. 10-K-2025.indd 15 3/28/2025 12:15:31 PM

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-040866 First Watch Restaurant Group, Inc. (Exact name of registrant as specified in its charter) Delaware 82-4271369 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 8725 Pendery Place, Suite 201, Bradenton, FL 34201 (Address of Principal Executive Offices) (Zip Code) (941) 907-9800 Registrant’s telephone number, including area code Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value FWRG The Nasdaq Stock Market LLC (Nasdaq Global Select Market) Securities registered pursuant to Section 12(b) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check