Certain Restricted Stock Units of Sweetgreen, Inc. are subject to a Lock-Up Agreement Ending on 17-MAY-2022.
May 16, 2022
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Certain Restricted Stock Units of Sweetgreen, Inc. are subject to a Lock-Up Agreement Ending on 17-MAY-2022. These Restricted Stock Units will be under lockup for 181 days starting from 17-NOV-2021 to 17-MAY-2022.
Details:
The directors, executive officers, and the holders of substantially all of Class A common stock and Class B common stock and securities exercisable for or convertible into common stock, have agreed, or will agree, with the underwriters not to, subject to certain exceptions, without the prior written consent of Goldman Sachs & Co. LLC and J.P. Morgan Securities, LLC, offer, sell, contract to sell, pledge, grant any option to purchase, lend or otherwise dispose of any shares of common stock, or any options or warrants to purchase any shares of common stock, or any securities or contract convertible into, exchangeable for or that represent the right to receive shares, for a period of 180 days after the date of this prospectus.
Sweetgreen, Inc. is a restaurant company. The Company, along with its subsidiaries, is engaged in developing a restaurant and lifestyle brand that serves healthy food at scale. It owns and operates approximately 221 restaurants in 18 states and Washington, D.C. It offers signature salads, warm bowls, and plates that are complemented by a seasonal menu that changes five times per year. In Addition, it offers diversified menu to provide customers with a variety of options, including broths, soups, desserts and beverages. It is also engaged in offering consumer packaged goods, such as dressing, sauces, or packaged produce. Its menu offering includes Core menu and Seasonal menu. The Core menu consists of Harvest Bowl, Kale Caesar, Shroomami, Guacamole Greens, Buffalo Chicken Bowl, Fish Taco, Crisp Rice Bowl, Chicken Pesto Parm, Super Green Goddess, Garden Cobb and Hot Honey Chicken. The Seasonal menu consists of Crispy Chicken, Elote Bowl, and Summer Fruits & Burrata.