Company: FWRG
Filing Date: 2025-08-07
Form Type: 424B3
Source: 0001628280-25-038995
Chunk: 12

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-08-07
Form: 424B3
Chunk 12
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 and at any time or from time to time before the termination of the 30-day period, release all or any portion of the securities subject to lock-up agreements. See “Underwriting — No Sales of Similar Securities.”

Sales of substantial amounts of our common stock in the public market, or the possibility that such sales may occur, may cause the market price of our common stock to decrease. A decline in the price of our common stock might impede our ability to raise capital through the issuance of additional common stock or other equity securities.

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### USE OF PROCEEDS
We are not selling any shares of common stock under this prospectus supplement and we will not receive any of the proceeds from the sale of our common stock by the selling stockholders.

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### SELLING STOCKHOLDERS
Unless the context otherwise requires, as used in this prospectus supplement and the accompanying prospectus, “selling stockholders” includes the selling stockholders named in the table below.

The following table shows information as of August 5, 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 being offered under this prospectus supplement 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. These rules generally attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect to those securities. The information contained in the following table is not necessarily indicative of beneficial ownership for any other purpose.

The percentage of shares owned both prior to and following the completion of the offering of shares of common stock pursuant to this prospectus supplement is based on 61,023,971 shares of common stock outstanding as of August 1, 2025.

|                                                |     | Shares of common stock         
 beneficially owned before this 
 offering                       |            |     |            |       |   |     | Shares of common stock offered pursuant to this offering |           |     | Shares of common stock      
 beneficially owned after    
 completion of this offering |           |     |               |       |   |
| Name of selling stockholders                   |     | Number of shares               |            |     | Percentage 
 of shares  |       |   |     | Number of shares                                         |