BlackRock, Inc. Reports 5.1% Ownership in First Watch Restaurant Group, Inc.

BlackRock, Inc. has filed a Schedule 13G with the SEC, disclosing a 5.1% ownership stake in First Watch Restaurant Group, Inc. The filing indicates that BlackRock beneficially owns 3,115,700 shares of common stock, with sole voting power over 3,041,460 shares and sole dispositive power over all 3,115,700 shares. The filing also notes that various persons have the right to receive dividends or proceeds from the sale of the common stock, but no single person's interest exceeds 5% of the total outstanding shares. The filing was made in accordance with SEC Release No. 34-39538, which allows for the disaggregation of securities ownership by different business units within BlackRock.