{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-020643","form_type":"8-K","ticker":"SG","cik":"0001477815","company_name":"Sweetgreen, Inc.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.589559+00:00","generated_at":"2026-06-02T21:56:04.040997+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sweetgreen subleases ~94,000 sq ft of HQ space; related parties involved","bullets":["Sublease agreement with FPM Development for approx. 94,081 sq ft at 3101 Exposition Blvd, Los Angeles.","Phase I (57,681 sq ft) delivered May 1, 2024; Phase II (36,400 sq ft) expected delivered by Aug 1, 2024.","Sublease term through Feb 28, 2032; rent starts at ~$399,844/month (pro-rated) and escalates annually.","Landlord receives 100% of sublease profit above Sweetgreen's lease costs in exchange for releasing broker fee reimbursement.","CEO Jonathan Neman and other executives hold indirect passive interests in entity with indirect equity in the Landlord."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-020643","json":"https://secwatch.observer/filing/0001628280-24-020643.json","markdown":"https://secwatch.observer/filing/0001628280-24-020643.md","text":"https://secwatch.observer/filing/0001628280-24-020643.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477815/000162828024020643/0001628280-24-020643-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477815/000162828024020643/sg-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:56:04.040997+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"20b52968455ca8df762ea4408e37a50d5b939bb7","claim":"Sweetgreen, Inc. entered into Sublease Agreement with FPM Development, LLC valued at Monthly base rent ranging from $399,844.25 to $491,757.99; annual base rent from $4,398,286.75 to $5 (effective 2024-04-30).","evidence_excerpt":"On April 30, 2024, Sweetgreen, Inc. (the “ Company ”) entered into a sublease agreement (the “ Sublease Agreement ”) with FPM Development, LLC, a Wyoming limited liability company (the “ Subtenant ”), pursuant to which the Company will sublease approximately 57,681 square feet of space (the “ Phase I Premises ”) and approximately 36,400 square feet of space (the “ Phase II Premises ” and together with the Phase I Premises, the “ Premises ”) located at 3101 Exposition Boulevard, Los Angeles, California 90018.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1477815/000162828024020643/0001628280-24-020643-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"FPM Development, LLC"},{"label":"Value","value":"Monthly base rent ranging from $399,844.25 to $491,757.99; annual base rent from $4,398,286.75 to $5"},{"label":"Effective","value":"2024-04-30"}],"fact_type":"material_agreement"},{"claim_id":"e983a27d2a8b9cdb0cc5feeb7a85232385cb1cca","claim":"Sweetgreen, Inc. amended Letter Agreement with Welcome to the Dairy, LLC valued at Landlord receives 100% of Company's profits under Sublease in excess of amounts payable under Lease; (effective 2024-04-30).","evidence_excerpt":"In connection with the Landlord’s consent to the Sublease Agreement, the Company and the Landlord entered into a letter agreement, dated as of April 30, 2024, modifying the terms of the Lease (the “ Letter Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1477815/000162828024020643/0001628280-24-020643-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"Welcome to the Dairy, LLC"},{"label":"Value","value":"Landlord receives 100% of Company's profits under Sublease in excess of amounts payable under Lease;"},{"label":"Effective","value":"2024-04-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}