Company: FWRG
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001789940-25-000031
Chunk: 21

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 21
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.1 to the Company’s Annual Report on Form 10-K for the year ended December 29, 2024.

The Insider Trading Policy prohibits (i) trading in options, puts and calls or similar instruments on securities of the Company, including shares of Common Stock or preferred stock and warrants (“First Watch Securities”), or selling First Watch Securities “short,” (ii) pledging First Watch Securities or holding First Watch Securities in a margin account, (iii) purchasing a financial instrument or entering into any transaction that is designed to hedge or otherwise offset declines in the market value of First Watch Securities, and (iv) placing standing or limit orders on First Watch Securities outside of a properly established Rule 10b5-1 plan or outside of the three business day period following pre-clearance approval under the Company’s insider trading policy.

#### Clawback Policy
We have adopted an Incentive-Based Compensation Recovery Policy (the “Clawback Policy”) in compliance with the requirements of Listing Rule 5608 of the Nasdaq Stock Market LLC. Pursuant to the Clawback Policy, any incentive based compensation that was granted to any current or former executive officers of the Company as defined in Nasdaq Rule 5608 that is found, as a result of a restatement of the Company’s financial statements due to the material noncompliance of the Company with any financial reporting requirement under applicable securities laws, to be erroneously granted, earned, or vested based wholly or in part upon the attainment of a financial reporting measure is subject to the Clawback Policy and subject to recovery. The full text of our Clawback Policy was filed as Exhibit 97.1 to the Company’s Annual Report on Form 10-K for the year ended December 29, 2024.

#### Director Experience and Expertise Matrix
The following table provides a summary of the areas of experience and expertise of the members of the Board:

| Areas of Applicable Experience and Expertise |     | Ralph Alvarez |     | Irene Chang Britt |     | Michael Fleisher |     | Tricia Glynn |     | Charles Jemley |     | William Kussell |     | Stephanie Lilak |     | David Paresky |     | Jostein Solheim |     | Christopher A. Tomasso |
| Restaurant Industry                          |     | ●             |     | ○                 |     |                  |     | ○            |     | ●              |     | ●               |     | ●               |     | ○             |     |                 |