On March 9, 2023, Lisa Price, who has been a director of First Watch Restaurant Group, Inc. since September 2020, informed the Company of her intent to resign from the Company's Board of Directors for personal reasons. Ms. Price's resignation will be effective on March 24, 2023. There are no disagreements between Ms. Price and the Company, the Company's management or the Board on any matters relating to the Company's operations, policies or practices.

The Company and the Board thank Ms. Price for her valuable insights, perspective and commitment during her service on the Company's Board.