• Sweetgreen adopted a severance plan effective Aug. 27, 2026, covering designated Tier I and Tier II participants.
• Change-in-control exits: Tier I gets 1.5x base salary; Tier II gets 1x, with pro rata target bonus.
• Change-in-control terms also provide COBRA premium coverage up to 18 months for Tier I, 12 months for Tier II.
• Equity awards accelerate on qualifying change-in-control terminations, including time-vesting awards and performance-satisfied awards.
• Outside change-in-control: Tier I gets 1x base salary; Tier II gets 0.5x, with shorter COBRA coverage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sweetgreen Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-059445), on August 31, 2026, and is solely responsible for the information contained therein.