<SEC-DOCUMENT>0001140361-21-033338.txt : 20211001
<SEC-HEADER>0001140361-21-033338.hdr.sgml : 20211001
<ACCEPTANCE-DATETIME>20211001200248
ACCESSION NUMBER:		0001140361-21-033338
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20211001
FILED AS OF DATE:		20211001
DATE AS OF CHANGE:		20211001

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			White Michael James
		CENTRAL INDEX KEY:			0001879078

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40866
		FILM NUMBER:		211300549

	MAIL ADDRESS:	
		STREET 1:		C/O ADVENT INTERNATIONAL
		STREET 2:		PRUDENTIAL TOWER, 800 BOYLSTON STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			First Watch Restaurant Group, Inc.
		CENTRAL INDEX KEY:			0001789940
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				824271369
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8725 PENDERY PLACE, SUITE 201
		CITY:			BRADENTON
		STATE:			FL
		ZIP:			34201
		BUSINESS PHONE:		941-907-9800

	MAIL ADDRESS:	
		STREET 1:		8725 PENDERY PLACE, SUITE 201
		CITY:			BRADENTON
		STATE:			FL
		ZIP:			34201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AI Fresh Super Holdco, Inc.
		DATE OF NAME CHANGE:	20191001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Al Fresh Super Holdco, Inc.
		DATE OF NAME CHANGE:	20191001
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2021-10-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001789940</issuerCik>
        <issuerName>First Watch Restaurant Group, Inc.</issuerName>
        <issuerTradingSymbol>FWRG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001879078</rptOwnerCik>
            <rptOwnerName>White Michael James</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PRUDENTIAL TOWER, 800 BOYLSTON STREET,</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02199-8069</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>45013784</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See notes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3156812</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">See Exhibit 99.1 for text of footnote (1).</footnote>
        <footnote id="F2">See Exhibit 99.1 for text of footnote (2).</footnote>
        <footnote id="F3">See Exhibit 99.1 for text of footnote (3).</footnote>
        <footnote id="F4">See Exhibit 99.1 for text of footnote (4).</footnote>
    </footnotes>

    <remarks>Exhibit 99.1 (Footnotes to Form 3) is incorporated by reference.</remarks>

    <ownerSignature>
        <signatureName>/s/ Michael James White</signatureName>
        <signatureDate>2021-10-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10029514_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Summit, a Broadridge Company
         Document created using EDGARfilings PROfile 8.0.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
  <div>
    <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"><u>Exhibit 99.1</u></div>
    <div style="font-weight: bold;"><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0);"><u>Footnotes to Form 3</u></div>
    <div><br>
    </div>
    <div style="text-indent: -13.5pt; margin-left: 22.5pt;"><a name="z_Hlk79082445"></a>(1) Represents 45,013,784 shares of common stock held directly by AI Fresh Holdings Limited Partnership (&#8220;AI Fresh LP&#8221;) and
      3,156,812 shares of common stock underlying preferred stock held directly by AI Fresh LP. AI Fresh Topco GP, LLC (&#8220;AI Fresh GP&#8221;) is the general partner of AI Fresh LP. Advent International Corporation (&#8220;Advent&#8221;) is the manager of AI Fresh GP.</div>
    <div>&#160;</div>
    <div style="text-indent: -13.5pt; margin-left: 22.5pt;">(2) Advent and entities related to Advent may be deemed to have indirect beneficial ownership of the Issuer&#8217;s securities that are directly beneficially
      owned by AI Fresh LP, including the following entities <font style="color: #000000;">(i) Advent International GPE VIII Limited Partnership, Advent International GPE VIII-B-1 Limited Partnership, Advent International GPE VIII-B-2 Limited Partnership,
        Advent International GPE VIII-B-3 Limited Partnership, Advent International GPE VIII-B Limited Partnership, Advent International GPE VIII-C Limited Partnership, Advent International GPE VIII-D Limited Partnership, Advent International GPE VIII-F
        Limited Partnership, Advent International GPE VIII-H Limited Partnership, Advent International GPE VIII-I Limited Partnership and Advent International GPE VIII-J Limited Partnership (collectively, the &#8220;Advent VIII Luxembourg Funds&#8221;); (ii) Advent
        International GPE VIII-A Limited Partnership, Advent International GPE VIII-E Limited Partnership, Advent International GPE VIII-G Limited Partnership, Advent International GPE VIII-K Limited Partnership and Advent International GPE VIII-L Limited
        Partnership (collectively, the &#8220;Advent VIII Cayman Funds&#8221;) and (iii) Advent Partners GPE VIII Limited Partnership, Advent Partners GPE VIII Cayman Limited Partnership, Advent Partners GPE VIII-A Limited Partnership, Advent Partners GPE VIII-A
        Cayman Limited Partnership and Advent Partners GPE VIII-B Cayman Limited Partnership (collectively, the &#8220;Advent VIII Partners Funds&#8221;).</font></div>
    <div>&#160;</div>
    <div style="margin-left: 22.5pt; color: rgb(0, 0, 0);">GPE VIII GP S.&#224;.r.l. (&#8220;Advent GP Luxembourg&#8221;) is the general partner of the Advent VIII Luxembourg Funds. GPE VIII GP Limited Partnership (&#8220;Advent GP
      Cayman&#8221;) is the general partner of the Advent VIII Cayman Funds. (&#8220;Advent Partners GP&#8221;) is the general partner of the Advent VIII Partners Funds. Advent International GPE VIII, LLC is the manager of Advent GP Luxembourg and the general partner of
      each of Advent GP Cayman and Advent Partners GP.</div>
    <div>&#160;</div>
    <div>
      <div style="margin-left: 22.5pt; color: rgb(0, 0, 0);">Advent is the manager of Advent International GPE VIII, LLC and may be deemed to have voting and dispositive power over the shares held by the Advent
        VIII Luxembourg Funds, the Advent VIII Cayman Funds and the Advent VIII Partners Funds.&#160;</div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: -13.5pt; margin-left: 22.5pt; color: rgb(0, 0, 0);">(3) The Reporting Person is a Principal of Advent and may have limited partner or other interests in one or more of the entities
      described herein. The Reporting Person disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an
      admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.</div>
    <div><br>
    </div>
    <div style="text-indent: -13.5pt; margin-left: 22.5pt; color: rgb(0, 0, 0);">(4) Immediately prior to the closing of the Issuer&#8217;s initial public offering, the preferred stock will automatically convert on a
      11.838-for-1 basis into the number of shares of common stock shown in Column 3 without payment of additional consideration. The preferred stock has no expiration date.</div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div id="DSPFPageFooter">
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
