First Watch secondary offering of 5.29M shares by selling shareholders at $17.71/share

First Watch Restaurant Group, Inc.

Selling shareholders sold 5,289,784 shares at $17.71416 per share; offering closed Nov 7, 2025.
First Watch did not sell any shares and will receive no proceeds from the offering.
Citigroup Global Markets Inc. acted as sole underwriter; underwriting agreement filed.
Offering made under a prospectus supplement dated Nov 5, 2025, on Form S-3.

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