Manulife Financial Corp Reports 5.45% Passive Stake in First Watch Restaurant Group, Inc.

On May 15, 2026, Manulife Financial Corporation (MFC) filed a Schedule 13G disclosing a significant passive ownership stake in First Watch Restaurant Group, Inc. (CZWI). The filing was made jointly on behalf of MFC and its indirect, wholly-owned subsidiaries, Manulife Investment Management (US) LLC (MIM US) and Manulife Investment Management Limited (MIML). As of the event date of March 31, 2026, the reporting entities collectively beneficially own 3,357,950 shares of Common Stock. This aggregate position represents approximately 5.45% of the 61,644,885 shares outstanding as of May 1, 2026. Specifically, MIM (US) holds 3,345,977 shares (5.43%), while MIML holds 11,973 shares (0.02%). MFC, as the parent holding company, may be deemed to have beneficial ownership of the shares held by its subsidiaries. The filing indicates a passive investment intent under Rule 13d-1(b), with the subsidiaries acting as investment advisers and foreign institutions. The principal business offices for the entities are located in Toronto, Canada, and Boston, Massachusetts.