BlackRock, Inc. Reports 6.5% Ownership Stake in First Watch Restaurant Group, Inc.

On April 27, 2026, BlackRock, Inc. filed a Schedule 13G/A with the SEC, reporting a significant stake in First Watch Restaurant Group, Inc. (FWRG). As of the event date on March 31, 2026, BlackRock beneficially owns 3,951,009 shares of common stock, representing a 6.5% ownership interest in the company. This filing marks an increase from a previously reported 0.0% position, indicating a new substantial holding by the investment firm. BlackRock reported sole dispositive power over all 3,951,009 shares and sole voting power over 3,867,257 shares. The filing was made under Rule 13d-1(b), certifying that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. Various subsidiaries of BlackRock are listed as having interests in the securities, though no single entity's interest exceeds 5% of the total outstanding common shares. The reporting person is a parent holding company based in New York.