International S.c.a. Artal - 20 Jun 2023 Form 4 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
Issuer symbol
CAVA
Transactions as of
20 Jun 2023
Net transactions value
$0
Form type
4
Filing time
22 Jun 2023, 16:30:18 UTC
Previous filing
15 Jun 2023
Next filing
29 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Options Exercise +1,568,865 1,568,865 20 Jun 2023 Direct F1, F7, F8
transaction CAVA Common Stock Options Exercise +3,486,366 +222% 5,055,231 20 Jun 2023 Direct F2, F7, F8
transaction CAVA Common Stock Options Exercise +1,845,864 +37% 6,901,095 20 Jun 2023 Direct F3, F7, F8
transaction CAVA Common Stock Options Exercise +861,339 +12% 7,762,434 20 Jun 2023 Direct F4, F7, F8
transaction CAVA Common Stock Options Exercise +22,252,464 +287% 30,014,898 20 Jun 2023 Direct F5, F7, F8
transaction CAVA Common Stock Options Exercise +1,993,092 +6.6% 32,007,990 20 Jun 2023 Direct F6, F7, F8

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
transaction CAVA Series A Preferred Stock Options Exercise $0 -1,568,865 -100% $0.000000* 0 20 Jun 2023 Common Stock 1,568,865 Direct F1, F7, F8
transaction CAVA Series B Preferred Stock Options Exercise $0 -3,486,366 -100% $0.000000* 0 20 Jun 2023 Common Stock 3,486,366 Direct F2, F7, F8
transaction CAVA Series C Preferred Stock Options Exercise $0 -1,845,864 -100% $0.000000* 0 20 Jun 2023 Common Stock 1,845,864 Direct F3, F7, F8
transaction CAVA Series D Preferred Stock Options Exercise $0 -861,339 -100% $0.000000* 0 20 Jun 2023 Common Stock 861,339 Direct F4, F7, F8
transaction CAVA Series E Preferred Stock Options Exercise $0 -22,252,464 -100% $0.000000* 0 20 Jun 2023 Common Stock 22,252,464 Direct F5, F7, F8
transaction CAVA Series F Preferred Stock Options Exercise $0 -1,993,092 -100% $0.000000* 0 20 Jun 2023 Common Stock 1,993,092 Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon closing of the CAVA Group, Inc. (the "Issuer") initial public offering (the "IPO"), each share of Series A Preferred Stock beneficially owned by the Reporting Persons automatically converted, for no additional consideration, into shares of common stock, par value $0.0001 per share (the "Common Stock") on a one for one basis. These shares of Series A Preferred Stock had no expiration date.
F2 Upon closing of the Issuer's IPO, each share of Series B Preferred Stock beneficially owned by the Reporting Persons automatically converted, for no additional consideration, into shares of Common Stock on a one for one basis. These shares of Series B Preferred Stock had no expiration date.
F3 Upon closing of the Issuer's IPO, each share of Series C Preferred Stock beneficially owned by the Reporting Persons automatically converted, for no additional consideration, into shares of Common Stockon a one for one basis. These shares of Series C Preferred Stock had no expiration date.
F4 Upon closing of the Issuer's IPO, each share of Series D Preferred Stock beneficially owned by the Reporting Persons automatically converted, for no additional consideration, into shares of Common Stock on a one for one basis. These shares of Series D Preferred Stock had no expiration date.
F5 Upon closing of the Issuer's IPO, each share of Series E Preferred Stock beneficially owned by the Reporting Persons automatically converted, for no additional consideration, into shares of Common Stock on a one for one basis. These shares of Series E Preferred Stock had no expiration date.
F6 Upon closing of the Issuer's IPO, each share of Series F Preferred Stock beneficially owned by the Reporting Persons automatically converted, for no additional consideration, into shares of Common Stock on a one for one basis. These shares of Series F Preferred Stock had no expiration date.
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.