Ronald M. Shaich - Jun 15, 2023 Form 3 Insider Report for CAVA GROUP, INC. (CAVA)

Role
Director, 10%+ Owner
Signature
Cava Act III Trust, LLC, By: /s/ Ronald M. Shaich, Name: Ronald M. Shaich, Title: Chief Executive Officer
Stock symbol
CAVA
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
3
Date filed
6/15/2023, 04:33 PM
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 135K By Cava Act III Trust, LLC F1, F2, F3
holding CAVA Series D Preferred Stock Jun 15, 2023 Common Stock 1.99M By Cava Act III Trust, LLC F2, F3, F4
holding CAVA Series E Preferred Stock Jun 15, 2023 Common Stock 3.57M By Cava Act III Trust, LLC F2, F3, F5
holding CAVA Series E Preferred Stock Jun 15, 2023 Common Stock 5.96M By Cava Act III, LLC F3, F5, F6
* 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 initial public offering on June 20, 2023, the Series A Preferred Stock will automatically convert into fully paid and nonassessable shares of common stock, par value $0.0001 per share (the "Common Stock") on a one for one basis.
F2 Represents securities held by Cava Act III Trust, LLC.
F3 Cava Act III Trust, LLC is managed by Ronald M. Shaich and Cava Act III, LLC is managed by Act III Management, LLC, which is controlled by Mr. Shaich. Act III Holdings, LLC is the controlling holder of each of Cava Act III, LLC and Cava Act III Trust, LLC. Act III Holdings, LLC is controlled by Mr. Shaich. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
F4 The Series D Preferred Stock has no expiration date. Immediately prior to the closing of the initial public offering 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 initial public offering 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 Represents securities held by Cava Act III, LLC.

Remarks:

Exhibit List - Exhibit 24 Power of Attorney