SCHEDULE 13G/A 0001140361-22-005076 0001034196 XXXXXXXX LIVE 3 Common Stock, $0.01 par value per share 12/31/2024 0001789940 First Watch Restaurant Group, Inc. 33748L101 8725 Pendery Place, Suite 201 Bradenton FL 34201 Rule 13d-1(d) ADVENT INTERNATIONAL, L.P. b DE 0 19189784 0 19189784 19189784 N 31.7 PN The percent of class was calculated based on 60,569,820 shares of common stock, $0.01 par value per share ("Common Stock") outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 7, 2024. Advent International GP, LLC b DE 0 19189784 0 19189784 19189784 N 31.7 OO The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International VIII, LLC b DE 0 19189784 0 19189784 19189784 N 31.7 OO The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. GPE VIII GP S.a.r.l. b N4 0 13156861 0 13156861 13156861 N 21.7 CO The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII Limited Partnership b DE 0 1150082 0 1150082 1150082 N 1.9 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-B-1 Limited Partnership b DE 0 1248314 0 1248314 1248314 N 2.06 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-B-2 Limited Partnership b DE 0 930762 0 930762 930762 N 1.54 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-B-3 Limited Partnership b 0 1453397 0 1453397 1453397 N 2.4 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-C Limited Partnership b DE 0 572950 0 572950 572950 N 0.95 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-D Limited Partnership b DE 0 490012 0 490012 490012 N 0.81 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-F Limited Partnership b DE 0 145209 0 145209 145209 N 0.24 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-H Limited Partnership b DE 0 1286463 0 1286463 1286463 N 2.12 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-I Limited Partnership b DE 0 1196254 0 1196254 1196254 N 1.98 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-J Limited Partnership b DE 0 1175567 0 1175567 1175567 N 1.94 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. GPE VIII GP Limited Partnership b E9 0 5221806 0 5221806 5221806 N 8.62 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-A Limited Partnership b 0 2697679 0 2697679 2697679 N 4.45 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-E Limited Partnership b E9 0 545700 0 545700 545700 N 0.9 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-G Limited Partnership b E9 0 925542 0 925542 925542 N 1.53 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-K Limited Partnership b E9 0 551590 0 551590 551590 N 0.91 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent International GPE VIII-L Limited Partnership b E9 0 501295 0 501295 501295 N 0.83 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. AP GPE VIII GP Limited Partnership b DE 0 811117 0 811117 811117 N 1.34 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent Partners GPE VIII Limited Partnership b DE 0 42449 0 42449 42449 N 0.07 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent Partners GPE VIII Cayman Limited Partnership b E9 0 264550 0 264550 264550 N 0.44 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent Partners GPE VIII-A Limited Partnership b DE 0 51008 0 51008 51008 N 0.08 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent Partners GPE VIII-A Cayman Limited Partnership b E9 0 35290 0 35290 35290 N 0.06 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. Advent Partners GPE VIII-B Cayman Limited Partnership b DE 0 417820 0 417820 417820 N 0.69 PN The percent of class was calculated based on 60,569,820 shares of Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer's Quarterly Reporting on Form 10-Q filed with the SEC on November 7, 2024. First Watch Restaurant Group, Inc. 8725 Pendery Place, Suite 201, Bradenton, Florida, 34201 (i) Advent International, L.P. (f/k/a Advent International Corporation) a Delaware limited partnership; (ii) Advent International GP, LLC, a Delaware limited liability company; (iii) Advent International GPE VIII, LLC, a Delaware limited liability company; (iv) GPE VIII GP S.a.r.l., a Luxembourg Societe a responsabilite limitee; (v) Advent International GPE VIII Limited Partnership, a Delaware limited partnership; (vi) Advent International GPE VIII-B-1 Limited Partnership, a Delaware limited partnership; (vii) Advent International GPE VIII-B-2 Limited Partnership, a Delaware limited partnership; (viii) Advent International GPE VIII-B-3 Limited Partnership, a Delaware limited partnership; (ix) Advent International GPE VIII-B Limited Partnership, a Delaware limited partnership; (x) Advent International GPE VIII-C Limited Partnership, a Delaware limited partnership; (xi) Advent International GPE VIII-D Limited Partnership, a Delaware limited partnership; (xii) Advent International GPE VIII-F Limited Partnership, a Delaware limited partnership; (xiii) Advent International GPE VIII-H Limited Partnership, a Delaware limited partnership; (xiv) Advent International GPE VIII-I Limited Partnership, a Delaware limited partnership; (xv) Advent International GPE VIII-J Limited Partnership, a Delaware limited partnership (the funds set forth in the foregoing clauses (v)-(xv), the "Advent VIII Luxembourg Funds"); (xvi) GPE VIII GP Limited Partnership, a Cayman Islands limited partnership; (xvii) Advent International GPE VIII-A Limited Partnership, a Cayman Islands limited partnership; (xviii) Advent International GPE VIII-E Limited Partnership, a Cayman Islands limited partnership; (xix) Advent International GPE VIII-G Limited Partnership, a Cayman Islands limited partnership; (xx) Advent International GPE VIII-K Limited Partnership, a Cayman Islands limited partnership; (xxi) Advent International GPE VIII-L Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xvii)-(xxi), the "Advent VIII Cayman Funds"); (xxii) AP GPE VIII GP Limited Partnership, a Delaware limited partnership; (xxiii) Advent Partners GPE VIII Limited Partnership, a Delaware limited partnership; (xxiv) Advent Partners GPE VIII Cayman Limited Partnership, a Cayman Islands limited partnership; (xxv) Advent Partners GPE VIII-A Limited Partnership, a Delaware limited partnership; (xxvi) Advent Partners GPE VIII-A Cayman Limited Partnership, a Cayman Islands limited partnership; (xxvii) Advent Partners GPE VIII-B Cayman Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xxiii)-(xxvii), the "Advent VIII Partners Funds" and together with the Advent VIII Luxembourg Funds and the Advent VIII Cayman Funds, the "Advent VIII Funds"). GPE VIII GP S.a.r.l. is the general partner of the Advent VIII Luxembourg Funds. GPE VIII GP Limited Partnership is the general partner of the Advent VIII Cayman Funds. AP GPE VIII GP Limited Partnership is the general partner of the Advent VIII Partners Funds. Advent International GPE VIII, LLC is the manager of GPE VIII GP S.a.r.l. and the general partner of each of GPE VIII GP Limited Partnership and AP GPE VIII GP Limited Partnership. Advent International GP, LLC is the general partner of Advent International, L.P., and Advent International, L.P. is the manager of Advent International GPE VIII, LLC. Each of Advent International, L.P. and Advent International GP, LLC 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. The address of the principal business and the principal office of the Reporting Persons is Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-8069. See responses to Item 4 on each cover page. Y See responses to Item 9 on each cover page. Pursuant to Rule 13d-4 of the Act, the Reporting Persons declare that filing this statement on Schedule 13G (this "Statement") shall not be construed as an admission that any of the Reporting Persons are, for the purposes of Section 13(d) and/or Section 13(g) of the Act, the beneficial owner of any securities covered by this Statement, and such beneficial ownership is expressly disclaimed by each Reporting Person. See responses to Item 11 on each cover page. See responses to Item 5 on each cover page. See responses to Item 6 on each cover page. See responses to Item 7 on each cover page. See responses to Item 8 on each cover page. Y Y Y Y Y Y https://www.sec.gov/Archives/edgar/data/1034196/000114036124007952/ef20021611_ex99-1.htm ADVENT INTERNATIONAL, L.P. /s/ Neil Crawford 02/21/2025 Advent International GP, LLC /s/ Neil Crawford 02/21/2025 Advent International VIII, LLC /s/ Justin Nuccio 02/21/2025 GPE VIII GP S.a.r.l. /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-B-1 Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-B-2 Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-B-3 Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-C Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-D Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-F Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-H Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-I Limited Partnership /s/ Justin Nuccio 02/21/2025 Advent International GPE VIII-J Limited Partnership /s/ Justin Nuccio 02/21/2025 GPE VIII GP Limited Partnership /s/ Neil Crawford 02/21/2025 Advent International GPE VIII-A Limited Partnership /s/ Neil Crawford 02/21/2025 Advent International GPE VIII-E Limited Partnership /s/ Neil Crawford 02/21/2025 Advent International GPE VIII-G Limited Partnership /s/ Neil Crawford 02/21/2025 Advent International GPE VIII-K Limited Partnership /s/ Neil Crawford 02/21/2025 Advent International GPE VIII-L Limited Partnership /s/ Neil Crawford 02/21/2025 AP GPE VIII GP Limited Partnership /s/ Neil Crawford 02/21/2025 Advent Partners GPE VIII Limited Partnership /s/ Neil Crawford 02/21/2025 Advent Partners GPE VIII Cayman Limited Partnership /s/ Neil Crawford 02/21/2025 Advent Partners GPE VIII-A Limited Partnership /s/ Neil Crawford 02/21/2025 Advent Partners GPE VIII-A Cayman Limited Partnership /s/ Neil Crawford 02/21/2025 Advent Partners GPE VIII-B Cayman Limited Partnership /s/ Neil Crawford 02/21/2025