SecBot SecBot
Insider Cluster (5 insiders) ·Filed Mar 10, 2026

FWRG

First Watch Restaurant Group, Inc.
BEARISH
Impact 6/10
Horizonweeks Processed7mo ago
Insider cluster: 6 insiders, $0.4M total
Actionable Insight ▼ Bearish

Coordinated selling by top executives, especially the CEO and CFO, may signal lack of confidence in near-term prospects or an effort to diversify holdings ahead of potential weakness. Traders should monitor upcoming earnings, same-store sales trends, and any changes in guidance.

DirectionBearish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d
FWRG ▼ -15.89% at T+60d
SHORT call ✓ call won +15.89% · α vs SPY +27.30% · entry $12.52 → $10.53
Entry = T+0 close
Mar 9, 2026
via day close
T+1d
-0.64%
call +0.64% · α +0.53%
$12.44
settled 8mo ago
T+5d
+0.72%
call -0.72% · α -1.62%
$12.61
settled 8mo ago
T+20d
-10.86%
call +10.86% · α +10.71%
$11.16
settled 7mo ago
T+60d
-15.89%
call +15.89% · α +27.30%
$10.53
settled 5mo ago

Price Chart

Loading chart...

Executive Summary

Five executives at First Watch Restaurant Group, including the CEO and CFO, sold shares in a coordinated open-market transaction on March 17, 2026, realizing a combined $457,706 in proceeds. All sales occurred at the same price and date, indicating a planned divestment rather than opportunistic trading.

Key Financial Metrics

Direction
selling
Total Value
$457.7K
Insiders
5

Key Facts

  • CEO Tomasso Christopher Anthony sold 25,062 shares for $313,776 in open-market transaction.
  • CFO H. Melville Hope III sold 3,878 shares for $48,553, Chief Legal Officer sold $39,576, Chief Brand Officer sold $34,555, and Chief People Officer sold $21,246.
  • All five executives executed open-market sales (S) on the same day at $12.52 per share.
  • Total cluster value: $457,706 in open-market sales over a 7-day window.
  • No purchases or non-cash transactions (e.g., A, F, M) were reported in the cluster.

Financial Impact

$457,706 in net insider selling over 7 days, representing 0.06% of company's $753M market cap.

insider ownershipinvestor sentimentshareholder dilution risk (none)

Risk Factors

  • Insider selling can precede negative news or decelerating fundamentals.
  • Concentration of sales among C-suite increases the perceived significance of the divestment.

Market Snapshot

Exchange
Nasdaq

Investment Themes

Consumer & Retail

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (5 trades, 7d window)cluster-FWRG-1773950780617
11 reports for FWRG
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for FWRG — sortable, filterable
TypeNow
Oct 27, 2026
today
SC 13G/A
NEUTRAL ★ 3/10
$11.00awaiting T+60—$11.09 (+0.82%)
Oct 22, 2026
5d ago
SC 13G/A
NEUTRAL ★ 2/10
$11.56awaiting T+60—$11.09 (−4.07%)
Oct 20, 2026
7d ago
Press Release
NEUTRAL ★ 1/10
$11.97awaiting T+60—$11.09 (−7.35%)
Aug 4, 2026
12w ago
8-K
NEUTRAL ★ 4/10
$12.80awaiting T+60—$11.09 (−13.36%)
Jun 8, 2026
20w ago
8-K
NEUTRAL ★ 3/10
$10.26 $12.11▲ +18.03%▲ +14.22%$11.09 (+8.09%)
Jun 8, 2026
20w ago
Press Release
NEUTRAL ★ 2/10
$10.26 $12.11▲ +18.03%▲ +14.22%$11.09 (+8.09%)
May 5, 2026
25w ago
8-K
MIXED ★ 5/10
$12.18 $13.34▲ +9.52%▲ +6.78%$11.09 (−8.95%)
May 5, 2026
25w ago
Press Release
MIXED ★ 6/10
$12.18 $13.34▲ +9.52%▲ +6.78%$11.09 (−8.95%)
Apr 8, 2026
28w ago
DEFA14A
NEUTRAL ★ 4/10
$11.65 $12.93▲ +10.99%▲ +0.21%$11.09 (−4.81%)
Mar 10, 2026
33w ago
Insider Cluster
BEARISH ★ 6/10
$12.52 $10.53▲ +15.89%▲ +27.30%$11.09 (+11.42%)
Showing 10 of 11

US Market Status

Market Closed — Opens Wed (< 1m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Mar 19, 2026