# EDGAR Filing Document

**Accession Number:** 0001477815
**File Stem:** 0001628280-23-005267
**Filing Date:** 2023-2
**Character Count:** 17838
**Document Hash:** 3f201f45d17607efbf032395a7f6ebed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-005267.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001628280-23-005267

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**EFFECTIVENESS DATE**: 20230227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sweetgreen, Inc.
- **CENTRAL INDEX KEY:** 0001477815
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **IRS NUMBER:** 271159215
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-270061
- **FILM NUMBER:** 23675987

**BUSINESS ADDRESS:**
- **STREET 1:** 3101 W. EXPOSITION BOULEVARD
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90018
- **BUSINESS PHONE:** (323) 990-7040

**MAIL ADDRESS:**
- **STREET 1:** 3101 W. EXPOSITION BOULEVARD
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90018

**As filed with the Securities and Exchange Commission on February 27, 2023**

**Registration No.333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

<u><br></u>

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

<u><br></u>

**Sweetgreen, Inc.**

**(Exact name of registrant as specified in its charter)**

<u><br></u>

---

| | |
|:---|:---|
| **Delaware**<br>**(State or other jurisdiction of<br>Incorporation or organization)** | **27-1159215**<br>**(I.R.S. Employer<br>Identification No.)** |

---

**3102 36th Street**

**Los Angeles, CA 90018**

(Address of principal executive offices) (Zip code)

<u><br></u>

**Sweetgreen, Inc. 2021 Employee Stock Purchase Plan** 

**(Full titles of the plans)**

**Jonathan Neman**

**Chief Executive Officer**

**Sweetgreen, Inc.** 

**3102 36th Street** 

**Los Angeles, CA 90018**

**(323) 990-7040**

**(Name and address of agent for service) (Telephone number, including area code, of agent for service)**

<u><br></u>

***Copies to:***

**David Peinsipp**<br>**Siana Lowrey**<br>**Julia R. Boesch**<br>**Cooley LLP**<br>**1333 2nd Street, Suite 400** <br>**Santa Monica, CA 90401** <br>**(310) 883-6400**<br>

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | |
|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer |
| Non-accelerated filer | | Small reporting company |
| | | Emerging growth company |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

------

**EXPLANATORY NOTE**

This Registration Statement on Form S-8 is being filed by Sweetgreen, Inc. (the "Registrant") for the purpose of registering additional securities of Registrant's Class A common stock, par value $0.001 per share (the "Class A Common Stock") that have become reserved for issuance as a result of the operation of the "evergreen" provision in the 2021 Employee Stock Purchase Plan, which provides that the total number of shares subject to such plan will be increased on January 1 of each year pursuant to a specified formula. These additional shares of Registrant's Class A Common Stock are securities of the same class as other securities for which an original Registration Statement on Form S-8 was filed with the Securities and Exchange Commission (the "Commission") on November 22, 2021 (File No. <u>[333-261271](https://www.sec.gov/Archives/edgar/data/1477815/000119312521336924/d239049ds8.htm)</u>). Pursuant to General Instruction E to Form S-8, this Registration Statement hereby incorporates by reference the contents of such prior Registration Statement.

**PART II**

**ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE**

The following documents filed by the Registrant with the Commission are incorporated by reference into this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** The Registrant's <u>[Annual Report on Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1477815/000162828023004857/sg-20221225.htm)</u> (the "Form 10-K") for the fiscal year ended December 25, 2022 filed with the Commission on February 23, 2023 (File No. 001-41069).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The description of Registrant's Class A Common Stock which is contained in a <u>[Registration Statement on Form 8-A](https://www.sec.gov/Archives/edgar/data/1477815/000119312521330112/d521271d8a12b.htm)</u> filed on November 15, 2021 (File No. 001-41069) under the Exchange Act of 1934, as amended (the "Exchange Act"), including any amendment or report filed for the purpose of updating such description, including <u>[Exhibit 4.2](https://www.sec.gov/Archives/edgar/data/1477815/000162828022005116/sweetgreen-ex42description.htm)</u> of the Annual Report on Form 10-K for the fiscal year ended December 26, 2021 filed with the Commission on March 4, 2022 (File No. 001-41069).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** All other reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished on such form that relate to such items) on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

------

**ITEM 8. EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| <u>[4.1](https://www.sec.gov/Archives/edgar/data/1477815/000119312521336790/d255149dex31.htm)</u> | Amended and Restated Certificate of Incorporation of the Registrant (filed with the Commission on November 22, 2021 as Exhibit 3.1 to the Registrant's Current Report on Form 8-K (File No. 001-41069) and incorporated herein by reference). |
| <u>[4.2](https://www.sec.gov/Archives/edgar/data/1477815/000119312521336790/d255149dex32.htm)</u> | Amended and Restated Bylaws of the Registrant (filed with the Commission on November 22, 2021 as Exhibit 3.2 to the Registrant's Current Report on Form 8-K (File No. 001-41069) and incorporated herein by reference). |
| <u>[5.1](a51opinion2023evergreen.htm)</u> | Opinion of Cooley LLP. |
| <u>[23.1](a231consentdraft2022financ.htm)</u> | Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm. |
| <u>[23.2](a51opinion2023evergreen.htm)</u> | Consent of Cooley LLP (included in Exhibit 5.1). |
| <u>[24.1](#i5e83571625414bd5b2caf4ee2a25d1ad_52)</u> | Power of Attorney (included on the signature page). |
| <u>[99.1](https://www.sec.gov/Archives/edgar/data/1477815/000119312521336924/d239049ds8.htm)</u> | Sweetgreen, Inc. 2021 Employee Stock Purchase Plan (filed with the Commission on November 22, 2021 as Exhibit 99.6 to the Registrant's Registration Statement on Form S-8 (File No. 333-261271) and incorporated herein by reference). |
| <u>[107](exhibit107-filingfeetable2.htm)</u> | Filing Fee Table |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Los Angeles, State of California, on February 27, 2023.

**Sweetgreen, Inc.**

By: <u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jonathan Neman&nbsp;&nbsp;&nbsp;&nbsp;</u>

**&nbsp;&nbsp;&nbsp;&nbsp;Jonathan Neman**

**&nbsp;&nbsp;&nbsp;&nbsp;**Chief Executive Officer

------

**POWER OF ATTORNEY**

**Know All Persons By These Presents**, that each person whose signature appears below constitutes and appoints Jonathan Neman and Mitch Reback, and each or any one of them, his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his or her substitutes or substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Jonathan Neman<br>Jonathan Neman | President, Chief Executive Officer and Chair of the Board of Directors<br>(Principal Executive Officer) | February 27, 2023 |
| /s/ Nicolas Jammet<br>Nicolas Jammet | Chief Concept Officer and Director | February 27, 2023 |
| /s/ Nathaniel Ru<br>Nathaniel Ru | Chief Brand Officer and Director | February 27, 2023 |
| /s/ Mitch Reback<br>Mitch Reback | Chief Financial Officer<br>(Principal Financial Officer and Principal Accounting Officer) | February 27, 2023 |
| /s/ Neil Blumenthal<br>Neil Blumenthal | Director | February 27, 2023 |
| /s/ Julie Bornstein<br>Julie Bornstein | Director | February 27, 2023 |
| /s/ Cliff Burrows<br>Cliff Burrows | Director | February 27, 2023 |
| /s/ Valerie Jarrett<br>Valerie Jarrett | Director | February 27, 2023 |
| /s/ Youngme Moon<br>Youngme Moon | Director | February 27, 2023 |
| /s/ Bradley Singer<br>Bradley Singer | Director | February 27, 2023 |

---

## Ex-Filing

**Calculation of Filing Fee Tables**

<u>Form S-8</u>

(Form Type)

<u>Sweetgreen, Inc.</u>

(Exact name of Registrant as Specified in its Charter)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities |
| **Security Type** | **Security Class Title** | **Fee Calculation Rule**<sup>(2)</sup> | **Amount Registered**<sup>(1)</sup> | **Proposed Maximum Offering Price Per Unit**<sup>(2)</sup> | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Class A Common Stock | Other | 1111331<sup>(3)</sup> | $8.228 | $9144031.47 | 0.0001102 | $1007.67 |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | – | $9144031.47 | – | $1007.67 |
| Total Fees Previously Paid | Total Fees Previously Paid | Total Fees Previously Paid | Total Fees Previously Paid | – | – | – | – |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | – | – | – | – |
| Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due | – | – | – | $1007.67 |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of Registrant's Class A common stock, par value $0.001 per share (the "Class A Common Stock") that become issuable under the plan set forth herein by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of Registrant's Class A Common Stock.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Estimated in accordance with Rules 457(c) and (h) solely for the purpose of calculating the registration fee on the basis of $8.228 per share, the average of the high and low prices of the Registrant's Class A Common Stock on February 22, 2023 as reported on the New York Stock Exchange, multiplied by 85%, which is the percentage of the price per share applicable to purchases under the Registrant's 2021 Employee Stock Purchase Plan (the "ESPP").

(3)&nbsp;&nbsp;&nbsp;&nbsp;Represents shares of Class A Common Stock reserved for issuance under the ESPP. The ESPP provides that an additional number of shares will automatically be added annually to the shares authorized for issuance under the ESPP on January 1, beginning on January 1, 2023 and continuing through January 2, 2031. The number of shares added each year will be equal to the lesser of: (a) 1% of the total number of shares of the Registrant's capital stock outstanding on December 31 of the preceding calendar year; (b) 4,300,000 shares of Class A Common Stock; and (c) a number of shares of Class A Common Stock designated by action of the Registrant's board of directors prior to the first day of any calendar year.

## Exhibit 5.1

**Exhibit 5.1**

![image.jpg](image.jpg)

Siana E. Lowrey

+1 415 693 2150

slowrey@cooley.com

February 27, 2023

Sweetgreen, Inc.

3102 36th Street

Los Angeles, CA 90018

**Re:&nbsp;&nbsp;&nbsp;&nbsp;Registration on Form S-8**

Ladies and Gentlemen:

We have acted as counsel to Sweetgreen, Inc., a Delaware corporation (the "***Company***"), in connection with the filing of a registration statement on Form S-8 (the "***Registration Statement***") with the Securities and Exchange Commission (the "***Commission***") covering the offering of up to 1,111,331 shares (the "***Shares***") of the Company's Class A common stock, par value $0.001 per share ("***Common Stock***"), issuable pursuant to the Company's 2021 Employee Stock Purchase Plan (the "***Plan***").

In connection with this opinion, we have examined and relied upon (a) the Registration Statement and the related prospectus, (b) the Company's certificate of incorporation and bylaws, each as currently in effect, (c) the Plan and (d) such other records, documents, certificates, memoranda and instruments as we have determined to be necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, the accuracy, completeness and authenticity of certificates of public officials, and the due authorization, execution and delivery of all documents by all persons other than the Company where authorization, execution and delivery are prerequisites to the effectiveness thereof. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not independently verified such matters.

Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued in accordance with the Plan, the Registration Statement and the related prospectus, will be validly issued, fully paid and nonassessable.

We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Commission thereunder.

Sincerely,

Cooley LLP

By: <u>/s/ Siana E. Lowrey &nbsp;&nbsp;&nbsp;&nbsp;</u>

Siana E. Lowrey

Cooley LLP 3 Embarcadero Center, 20th Floor, San Francisco, CA 94111<br>t: (415) 693 2000 f: (415) 693 2222 cooley.com

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated February 23, 2023 relating to the financial statements of Sweetgreen, Inc. and the effectiveness of Sweetgreen, Inc.'s internal control over financial reporting, appearing in the Annual Report on Form 10-K of Sweetgreen, Inc. for the year ended December 25, 2022.

*/s/* Deloitte & Touche LLP

Los Angeles, California

February 27, 2023

<br>