Brett Schulman - 15 Jun 2023 Form 3 Insider Report for CAVA GROUP, INC. (CAVA)

Role
CEO and President, Director, 10%+ Owner
Signature
/s/ Kenneth Robert Bertram, as Attorney-in-Fact
Issuer symbol
CAVA
Transactions as of
15 Jun 2023
Net transactions value
$0
Form type
3
Filing time
15 Jun 2023, 16:30:23 UTC
Previous filing
22 Jun 2023
Next filing
08 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CAVA Common Stock 512,891 15 Jun 2023 Direct F1

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 15 Jun 2023 Common Stock 147,144 Direct F2
holding CAVA Series A Preferred Stock 15 Jun 2023 Common Stock 57,495 By Spouse F2
holding CAVA Series A Preferred Stock 15 Jun 2023 Common Stock 682,710 By LLC F2
holding CAVA Stock Options (right to buy) 15 Jun 2023 Common Stock 128,805 $1.28 Direct F3
holding CAVA Stock Options (right to buy) 15 Jun 2023 Common Stock 55,611 $1.92 Direct F3
holding CAVA Stock Options (right to buy) 15 Jun 2023 Common Stock 51,351 $2.66 Direct F3
holding CAVA Stock Options (right to buy) 15 Jun 2023 Common Stock 661,968 $7.56 Direct F3
holding CAVA Stock Options (right to buy) 15 Jun 2023 Common Stock 14,619 $2.94 Direct F3
holding CAVA Stock Options (right to buy) 15 Jun 2023 Common Stock 129,807 $6.75 Direct F4
holding CAVA Stock Options (right to buy) 15 Jun 2023 Common Stock 49,908 $9.58 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 223,062 unvested restricted stock units ("RSUs") of which 10,422 will vest on May 28, 2024, 59,682 will vest in two equal annual installments commencing January 1, 2024, 128,751 will vest in three equal annual installments commencing January 20, 2024 and 24,207 will vest in four equal annual installments commencing January 24, 2024. Each RSU represents a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") upon settlement.
F2 The Series A Preferred Stock has no expiration date. Immediately prior to the closing of the IPO on June 20, 2023, the Series A Preferred Stock will automatically convert into fully paid and nonassessable shares of Common Stock on a one for one basis.
F3 These options are fully vested.
F4 Options granted on May 10, 2022 which vest in four equal annual installments commencing on January 20, 2023.
F5 Options granted on April 3, 2023 which vest in four equal annual installments commencing on January 24, 2024.

Remarks:

The Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein as indirectly owned, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein. Exhibit List - Exhibit 24 Power of Attorney.