SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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OMB Number:3235-0287
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X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GOLDMAN SACHS GROUP INC

(Last)(First)(Middle)
200 WEST STREET

(Street)
NEW YORK NEW YORK 10282

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Sweetgreen, Inc. [ SG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P566,000A$5.6911,871,702ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P11,243A$5.6911,882,945ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P2,063A$5.6611,885,008ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P1,603A$5.6611,886,611ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P1,502A$5.6511,888,113ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P1,496A$5.6911,889,609ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P1,233A$5.6611,890,842ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P1,020A$5.6911,891,862ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P951A$5.6611,892,813ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P901A$5.6611,893,714ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P901A$5.6611,894,615ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P721A$5.6611,895,336ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P600A$5.6511,895,936ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P375A$5.6911,896,311ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P366A$5.6911,896,677ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P341A$5.6911,897,018ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P300A$5.6711,897,318ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P295A$5.6911,897,613ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P290A$5.6911,897,903ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P288A$5.7211,898,191ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P272A$5.6511,898,463ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P260A$5.6311,898,723ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P221A$5.6511,898,944ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P201A$5.6711,899,145ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P200A$5.6611,899,345ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P200A$5.6711,899,545ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P196A$5.6111,899,741ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P188A$5.6111,899,929ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P166A$5.6911,900,095ISee footnotes(3)(4)
Class A Common Stock, par value $0.001 per share(1)(2)04/07/2026P160A$5.711,900,255ISee footnotes(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
GOLDMAN SACHS GROUP INC

(Last)(First)(Middle)
200 WEST STREET

(Street)
NEW YORK NEW YORK 10282

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
GOLDMAN SACHS & CO. LLC

(Last)(First)(Middle)
200 WEST STREET

(Street)
NEW YORK NEW YORK 10282

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On April 8, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Sweetgreen, Inc.'s (the "Issuer") Class A Common Stock (the "Common Stock").
2. These transactions in the Common Stock of the Issuer were effected by Goldman Sachs acting as a market maker in the ordinary course of business.
3. Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.
4. The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Remarks:
Balance of trades included in attached schedule. (See Exhibit 99.1)
/s/ Crystal Orgill, attorney-in-fact04/09/2026
/s/ Crystal Orgill, attorney-in-fact04/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)