SCHEDULE 13G/A 0001140361-22-005076 0001034196 XXXXXXXX LIVE 4 Common Stock, $0.01 par value per share 06/30/2025 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 14689784 0 14689784 14689784 N 24.1 PN The percent of class was calculated based on 61,023,971 shares of common stock, $0.01 par value per share ("Common Stock") outstanding as of August 1, 2025, as reported on the Form 10-Q filed by the Issuer with the Securities and Exchange Commission (the "SEC") on August 5, 2025. ADVENT INTERNATIONAL GP, LLC b DE 0 14689784 0 14689784 14689784 N 24.1 OO The percent of class was calculated based on 61,023,971 shares of Common Stock outstanding as of August 1, 2025, as reported on the Form 10-Q filed by the Issuer with the SEC on August 5, 2025. Advent International GPE VIII, LLC b DE 0 14689784 0 14689784 14689784 N 24.1 OO The percent of class was calculated based on 61,023,971 shares of Common Stock outstanding as of August 1, 2025, as reported on the Form 10-Q filed by the Issuer with the SEC on August 5, 2025. GPE VIII GP S.a.r.l. b N4 0 10071581 0 10071581 10071581 N 16.5 CO The percent of class was calculated based on 61,023,971 shares of Common Stock outstanding as of August 1, 2025, as reported on the Form 10-Q filed by the Issuer with the SEC on August 5, 2025. GPE VIII GP Limited Partnership b E9 0 3997295 0 3997295 3997295 N 6.6 PN The percent of class was calculated based on 61,023,971 shares of Common Stock outstanding as of August 1, 2025, as reported on the Form 10-Q filed by the Issuer with the SEC on August 5, 2025. AP GPE VIII GP Limited Partnership b DE 0 620908 0 620908 620908 N 1 PN The percent of class was calculated based on 61,023,971 shares of Common Stock outstanding as of August 1, 2025, as reported on the Form 10-Q filed by the Issuer with the SEC on August 5, 2025. First Watch Restaurant Group, Inc. 8725 Pendery Place, Suite 201, Bradenton, Florida, 34201 This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Advent International, L.P. (f/k/a Advent International Corporation) a Delaware limited partnership ("International LP") (ii) Advent International GP, LLC, a Delaware limited liability company ("International GP LLC") (iii) Advent International GPE VIII, LLC, a Delaware limited liability company ("International GPE VIII, LLC") (iv) GPE VIII GP S.a.r.l., a Luxembourg Societe a responsabilite limitee ("GP Sarl") (v) GPE VIII GP Limited Partnership, a Cayman Islands limited partnership ("VIII GP LP") (vi) AP GPE VIII GP Limited Partnership, a Delaware limited partnership ("AP GP") Prudential Tower, 800 Boylston Street, Suite 3300 Boston, Massachusetts 02199-8069. See responses to Item 4 on each cover page. Y See responses to Item 9 on each cover page. The reported securities are directly held by the following: * GP Sarl is the general partner of Advent International GPE VIII Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-B-1 Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-B-2 Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-B-3 Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-B Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-C Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-D Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-F Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-H Limited Partnership, a Delaware limited partnership; Advent International GPE VIII-I Limited Partnership, a Delaware limited partnership; and Advent International GPE VIII-J Limited Partnership, a Delaware limited partnership (collectively, the "Advent VIII Luxembourg Funds"); * VIII GP LP is the general partner of Advent International GPE VIII-A Limited Partnership, a Cayman Islands limited partnership; Advent International GPE VIII-E Limited Partnership, a Cayman Islands limited partnership; Advent International GPE VIII-G Limited Partnership, a Cayman Islands limited partnership; Advent International GPE VIII-K Limited Partnership, a Cayman Islands limited partnership; and Advent International GPE VIII-L Limited Partnership, a Cayman Islands limited partnership (collectively, the "Advent VIII Cayman Funds"); and * AP GP is the general partner of Advent Partners GPE VIII Limited Partnership, a Delaware limited partnership; Advent Partners GPE VIII Cayman Limited Partnership, a Cayman Islands limited partnership; Advent Partners GPE VIII-A Limited Partnership, a Delaware limited partnership; Advent Partners GPE VIII-A Cayman Limited Partnership, a Cayman Islands limited partnership; and Advent Partners GPE VIII-B Cayman Limited Partnership, a Cayman Islands limited partnership (collectively, the "Advent VIII Partners Funds"). International GP LLC is the general partner of International LP, and International LP is the manager of International GPE VIII, LLC. Each of International LP and International GP LLC may be deemed to have voting and dispositive power over the shares directly held by the Advent VIII Luxembourg Funds, the Advent VIII Cayman Funds and the Advent VIII Partners Funds. International GPE VIII, LLC is the manager of GP Sarl and the general partner of each of VIII GP LP and AP GP. Pursuant to Rule 13d-4 of the Act, the Reporting Persons declare that filing 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 the Reporting Persons. 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 08/12/2025 ADVENT INTERNATIONAL GP, LLC /s/ Neil Crawford 08/12/2025 Advent International GPE VIII, LLC /s/ Justin Nuccio 08/12/2025 GPE VIII GP S.a.r.l. /s/ Justin Nuccio 08/12/2025 GPE VIII GP Limited Partnership /s/ Neil Crawford 08/12/2025 AP GPE VIII GP Limited Partnership /s/ Neil Crawford 08/12/2025