Company: FWRG
Filing Date: 2025-08-07
Form Type: 424B3
Source: 0001628280-25-038995
Chunk: 48

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-08-07
Form: 424B3
Chunk 48
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### SELLING STOCKHOLDERS
The selling stockholders indicated below may resell from time to time up to 41,564,784 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 3, 2022 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 59,199,619 shares of common stock outstanding as of November 3, 2022.

|                                                      |     | 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) |     |                                         | 41,564,784 |     |                      | 70.3 | % |     |                                | 41,564,784 |     |                               | — |     |            | — |

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(1) We do not know when or in what amounts the selling stock