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Sweetgreen, Inc. (NASDAQ:SG) Chief Financial Officer Mitch Reback sold 11,530 shares of Class A Common Stock on August 18, 2025, at a price of $9.19, totaling $105,960. The transaction comes as the stock trades near its 52-week low of $8.80, having declined over 73% in the past year. According to InvestingPro analysis, the company currently shows a Weak financial health score.
Following the transaction, Reback directly owns 322,891 shares of Sweetgreen’s Class A Common Stock.
Additionally, Reback indirectly owns the following: 70,169 shares held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2021; 70,169 shares held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2021; 186,051 shares held by Family Trust; 43,901 shares held by Donald Spetner, Trustee of The MRCR GRAT, dated July 27, 2023; and 43,901 shares held by Donald Spetner, Trustee of The IMCR GRAT, dated July 27, 2023.
The sale was mandated by Sweetgreen’s election under its equity incentive plans to cover a tax withholding obligation.
In other recent news, Sweetgreen Inc. reported its financial results for the second quarter of 2025, which revealed a larger-than-expected loss and a revenue shortfall. The company posted an earnings per share of -$0.20, significantly missing the forecasted -$0.09 EPS. Revenue was reported at $185.6 million, falling short of the expected $193.43 million. Additionally, Sweetgreen’s same-store sales declined by 7.6% in the second quarter, underperforming consensus expectations of a 5.5% decrease. These results indicate a softening of sales trends in May and June, following mid-single-digit decreases in April. In response to these developments, Piper Sandler lowered its price target for Sweetgreen to $12.00 from $20.00, while maintaining a Neutral rating. These recent developments highlight the challenges Sweetgreen is facing in meeting market expectations and maintaining sales momentum.
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