Artal International S.C.A. - Jun 15, 2023 Form 3 Insider Report for CAVA GROUP, INC. (CAVA)

Role
Director, 10%+ Owner
Signature
Artal International S.C.A., By: Artal International Management S.A., its Managing Partner, By: /s/ Anne Goffard, Managing Director
Stock symbol
CAVA
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
3
Date filed
6/15/2023, 04:30 PM
Previous filing
Jun 5, 2023
Next filing
Jun 22, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CAVA Series A Preferred Stock Jun 15, 2023 Common Stock 1.57M Direct F1, F7, F8
holding CAVA Series B Preferred Stock Jun 15, 2023 Common Stock 3.49M Direct F2, F7, F8
holding CAVA Series C Preferred Stock Jun 15, 2023 Common Stock 1.85M Direct F3, F7, F8
holding CAVA Series D Preferred Stock Jun 15, 2023 Common Stock 861K Direct F4, F7, F8
holding CAVA Series E Preferred Stock Jun 15, 2023 Common Stock 22.3M Direct F5, F7, F8
holding CAVA Series F Preferred Stock Jun 15, 2023 Common Stock 1.99M Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A Preferred Stock has no expiration date. Immediately prior to the closing of the Issuer's initial public offering (the "IPO") on June 20, 2023, the Series A Preferred Stock will automatically convert into fully paid and nonassessable shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") on a one for one basis.
F2 The Series B Preferred Stock has no expiration date. Immediately prior to the closing of the IPO on June 20, 2023, the Series B Preferred Stock will automatically convert into fully paid and nonassessable shares of Common Stock on a one for one basis.
F3 The Series C Preferred Stock has no expiration date. Immediately prior to the closing of the IPO on June 20, 2023, the Series C Preferred Stock will automatically convert into fully paid and nonassessable shares of Common Stock on a one for one basis.
F4 The Series D Preferred Stock has no expiration date. Immediately prior to the closing of the IPO on June 20, 2023, the Series D Preferred Stock will automatically convert into fully paid and nonassessable shares of Common Stock on a one for one basis.
F5 The Series E Preferred Stock has no expiration date. Immediately prior to the closing of the IPO on June 20, 2023, the Series E Preferred Stock will automatically convert into fully paid and nonassessable shares of Common Stock on a one for one basis.
F6 The Series F Preferred Stock has no expiration date. Immediately prior to the closing of the IPO on June 20, 2023, the Series F Preferred Stock will automatically convert into fully paid and nonassessable shares of Common Stock on a one for one basis.
F7 The securities are held directly by Artal International S.C.A. The managing partner of Artal International S.C.A. is Artal International Management S.A. The sole stockholder of Artal International Management S.A. is Artal Group S.A. The parent company of Artal Group S.A. is Westend S.A. The majority stockholder of Westend S.A. is Stichting Administratiekantoor Westend (the "Stichting"). Mr. Amaury Wittouck is the sole member of the board of the Stichting.
F8 (Continued from Footnote 7) Each of the Reporting Persons, other than Artal International S.C.A., disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Exchange Act, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Remarks:

For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons may be deemed to be directors by deputization of the Issuer by virtue of their representatives on the Issuer's board of directors.