Welcome to our dedicated page for First Watch Restaurant Group SEC filings (Ticker: FWRG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) files reports and disclosures with the U.S. Securities and Exchange Commission as a publicly traded company in the full-service restaurant industry. On this page, you can review its SEC filings alongside AI-powered summaries that help explain the key points in each document.
First Watch uses current reports on Form 8-K to announce material events such as quarterly financial results, supplemental investor presentations and secondary offerings by selling shareholders. For example, the company has filed 8-Ks to furnish press releases on results for fiscal quarters, to describe underwriting agreements for offerings of common stock by selling shareholders and to report corrections to underwriting agreement schedules. These filings often reference registration statements on Form S-3 and prospectus supplements used in connection with such offerings.
In its 8-K filings, First Watch also includes definitions of operating and non-GAAP metrics used in its communications, such as system-wide restaurants, system-wide sales, same-restaurant sales growth, same-restaurant traffic growth, Adjusted EBITDA, Adjusted EBITDA margin, restaurant level operating profit and restaurant level operating profit margin. Reviewing these definitions in the filings can help investors understand how the company evaluates its restaurant base and overall performance.
Through this filings page, you can access First Watch’s real-time updates from EDGAR, including Forms 8-K and related exhibits. AI-generated overviews highlight the main topics, such as results of operations, other events and underwriting agreements, so you can quickly see what each filing covers before reading the full text.
For users interested in deeper analysis, the filings page also connects these current reports to the broader reporting framework referenced in company press releases, which point to annual and quarterly reports on Forms 10-K and 10-Q available on the SEC’s website.
Dimensional Fund Advisors reported beneficial ownership of 3,084,886 shares of First Watch Restaurant Group Common Stock, representing 5.0% of the class as of 03/31/2026. The filing shows sole voting power over 3,037,508 shares and sole dispositive power over 3,084,886 shares. The report notes the shares are owned by investment funds advised or sub‑advised by Dimensional and that Dimensional disclaims beneficial ownership.
First Watch Restaurant Group reported fiscal 2025 results, with $1.2 billion in total revenues and $120.9 million in Adjusted EBITDA. System-wide sales reached $1.4 billion and the company ended the year with 633 restaurants (560 company-owned; 73 franchise-owned). The company opened 64 new restaurants, acquired 19 franchise restaurants, and reported an average unit volume of $2.3 million. Management emphasizes aggressive unit growth toward a long-term target of 2,200 domestic units while investing in menu, technology and marketing to drive traffic and repeat visits.
First Watch Restaurant Group, Inc. is holding its 2026 Annual Meeting as a virtual-only webcast on May 20, 2026, asking stockholders to elect three Class II directors, approve executive pay on an advisory basis, set the say‑on‑pay frequency, and ratify PwC as auditor.
The proxy details a nine‑member, largely independent board, committee structures, governance policies, and executive compensation. For fiscal 2025, First Watch reports total revenues of $1.2 billion, up 20.3% from 2024, same‑restaurant sales growth of 3.6%, traffic growth of 0.5%, net income of $19.4 million, and Adjusted EBITDA of $120.9 million.
Named executive officers received 3% base‑salary raises, performance‑based annual cash incentives tied 80% to Adjusted EBITDA and 20% to net unit growth, and RSU awards that vest over multiple years. Special one‑time RSU retention grants with four‑year cliff vesting were approved for the CEO and key executives to reinforce leadership continuity and long‑term stock ownership.
FMR LLC reports beneficial ownership of 1,995,121 shares of First Watch Restaurant Group Inc common stock, representing 3.3% of the class. The filing (Schedule 13G/A, Amendment No. 2) lists sole dispositive power for 1,995,121 shares and sole voting power of 1,988,501. The cover shows a reporting period date of 03/31/2026 and identifies Abigail P. Johnson in the cover-page attribution. The filing is signed by an authorized representative under powers of attorney referenced to prior exhibits.
First Watch Restaurant Group, Inc. ownership disclosure: a group led by Millennium affiliates and Israel A. Englander reports shared voting and dispositive power over roughly 3.07 million shares, representing 5.0% of Common Stock (CUSIP 33748L101) as indicated on the cover pages. The filing is a joint Schedule 13G with a Joint Filing Agreement dated March 30, 2026.
The filing lists four reporting parties—Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander—and states the shares are held by entities subject to voting control and investment discretion by Millennium Management LLC and related managers.
First Watch Restaurant Group, Inc. reported a change in its senior leadership, terminating the employment of Dan Jones, its Chief Operations Officer, effective March 27, 2026, as part of a restructuring of the company’s operations leadership structure. Following his departure, the company’s operations leadership will report directly to the President and Chief Executive Officer. The company expressed appreciation for Mr. Jones’s contributions during what it described as a transformational period for the business.
First Watch Restaurant Group Inc Schedule 13G/A amendment states that The Vanguard Group reports 0 shares beneficially owned and 0% of the common stock following an internal realignment described in the filing. The realignment, referenced to SEC Release No. 34-39538, directs certain Vanguard subsidiaries and business divisions to report ownership separately as of January 12, 2026. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
First Watch Restaurant Group, Inc. Chief Operations Officer John Daniel Jones reported an open-market sale of 1,697 shares of common stock at a weighted average price of $12.52 per share. These shares were sold by the company’s broker under a mandatory “sell to cover” program tied to the vesting of restricted stock units, with proceeds used to cover required tax withholding rather than representing a discretionary trade. Following this transaction, Jones directly holds 84,725 shares of common stock.
First Watch Restaurant Group’s Chief Development Officer Eric Richard Hartman had 1,819 shares of common stock sold on his behalf at a weighted average price of $12.52 per share. The issuer executed these sales to cover tax withholding tied to vesting restricted stock units, so they were not discretionary trades by Hartman. After these transactions, he directly holds 244,530 shares of First Watch common stock.
First Watch Restaurant Group, Inc. President and CEO Christopher Anthony Tomasso reported an open-market sale of 25,062 shares of common stock at a weighted average price of $12.52 per share. According to the footnotes, this was a mandatory sale executed by the company to cover tax withholding obligations arising from the vesting of restricted stock units and did not represent a discretionary trade by Tomasso.
Following the transaction, Tomasso directly holds 957,315 shares of common stock. He also has indirect holdings of 71,768 shares through Big Fish Investments LLC and 500 shares held by his daughter, as shown in the filing.