First Watch announces director resignations and appointment of Rachel Tipograph to board

First Watch Restaurant Group, Inc.

Tricia Glynn (director since 2017) and David Paresky (director since 2023) resigned effective Dec 23, 2025, tied to Advent International's exit.
Board size reduced from 10 to 9; Rachel Tipograph appointed Class II director effective Dec 29, 2025, until 2026 annual meeting.
Tipograph is founder/CEO of MikMak, former Global Head of Digital at Gap; receives $140,000 RSU grant.
Resignations amicable with no disagreements with Company, management, or Board.
Tipograph qualifies as independent under Nasdaq and SEC rules.

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