BlackRock, Inc. filed an amended beneficial ownership statement with the SEC on October 27, 2026, disclosing a 7.5 percent stake in First Watch Restaurant Group, Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: BlackRock reported beneficial ownership of 4,624,190 shares of First Watch Restaurant Group common stock.
  • Percent of class: The reported position represents 7.5% of the outstanding common shares.
  • Sole voting power: BlackRock holds sole power to vote or direct the vote of 4,489,106 shares.
  • Sole dispositive power: BlackRock holds sole power to dispose of all 4,624,190 shares; shared voting and dispositive power are each reported as zero.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.
  • Filing type: This is Amendment No. 2 to the original statement; BlackRock is classified as a parent holding company (type HC), incorporated in Delaware.

BlackRock's Amended Stake in First Watch Restaurant Group

According to the filing, BlackRock, Inc., headquartered at 50 Hudson Yards, New York, NY 10001, submitted Amendment No. 2 to its beneficial ownership statement covering common stock of First Watch Restaurant Group, Inc. First Watch Restaurant Group operates a chain of daytime dining restaurants, with its principal executive offices located at 8725 Pendery Place, Suite 201, Bradenton, FL 34201. The CUSIP number associated with the reported class of securities is 33748L101.

The filing discloses that BlackRock, acting as a parent holding company, beneficially owns an aggregate of 4,624,190 shares, representing 7.5% of the class. Of that total, BlackRock holds sole voting power over 4,489,106 shares and sole dispositive power over the full 4,624,190 shares. Both shared voting power and shared dispositive power are reported as zero. The filing notes that the schedule reflects securities beneficially owned by certain business units of BlackRock and its subsidiaries and affiliates, consistent with SEC Release No. 34-39538 dated January 12, 1998, and that it does not include securities beneficially owned by other business units whose ownership is disaggregated from those reporting units.

Regarding third-party interests, the filing states that "various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of First Watch Restaurant Group, Inc." and that "no one person's interest in the common stock of First Watch Restaurant Group, Inc. is more than five percent of the total outstanding common shares." The filing was signed by Spencer Fleming, Managing Director of BlackRock, Inc., on October 27, 2026. The certification confirms the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

BlackRock, Inc. disclosed an amended beneficial ownership position of 4,624,190 shares, equal to 7.5% of First Watch Restaurant Group common stock, as of September 30, 2026, with sole voting power over 4,489,106 shares and no shared voting or dispositive power reported.