Brett Schulman - 01 Jan 2023 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Role
CEO and President, Director
Signature
/s/ Kenneth Robert Bertram, as Attorney-in-Fact
Issuer symbol
CAVA
Transactions as of
01 Jan 2023
Net transactions value
-$269,351
Form type
4
Filing time
22 Jun 2023, 16:30:38 UTC
Next filing
15 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Other $132,463 -13,827 -2.7% $9.58* 502,974 01 Jan 2023 Direct F1, F2, F3
transaction CAVA Common Stock Other $136,889 -14,289 -2.8% $9.58* 488,685 20 Jan 2023 Direct F1, F2, F3
transaction CAVA Common Stock Award $0 +24,207 +5% $0.000000 512,891 03 Apr 2023 Direct F2, F3, F4
transaction CAVA Common Stock Options Exercise +147,144 +29% 660,035 20 Jun 2023 Direct F3, F5
transaction CAVA Common Stock Award $0 +332,386 +50% $0.000000 992,421 20 Jun 2023 Direct F3, F6
transaction CAVA Common Stock Options Exercise +57,495 57,495 20 Jun 2023 By Spouse F5
transaction CAVA Common Stock Options Exercise +682,710 682,710 20 Jun 2023 By LLC F5

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 Stock Options (right to buy) Award $0 +49,908 $0.000000 49,908 03 Apr 2023 Common Stock 49,908 $9.58 Direct F7
transaction CAVA Series A Preferred Stock Options Exercise $0 -147,144 -100% $0.000000* 0 20 Jun 2023 Common Stock 147,144 Direct F5
transaction CAVA Series A Preferred Stock Options Exercise $0 -57,495 -100% $0.000000* 0 20 Jun 2023 Common Stock 57,495 By Spouse F5
transaction CAVA Series A Preferred Stock Options Exercise $0 -682,710 -100% $0.000000* 0 20 Jun 2023 Common Stock 682,710 By LLC F5
transaction CAVA Stock Options (right to buy) Award $0 +647,123 $0.000000 647,123 20 Jun 2023 Common Stock 647,123 $22.00 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares that have been withheld by CAVA Group, Inc. (the "Issuer") to satisfy the tax withholding obligations in connection with the net settlement of restricted stock units ("RSUs").
F2 The number of shares of common stock, par value $0.0001 per share (the "Common Stock"), of the Issuer reported in this Form 4 reflects the 3-for-1 forward stock split of Common Stock (the "Stock Split"), which became effective on June 2, 2023 in connection with the Issuer's initial public offering (the "IPO").
F3 Includes unvested RSUs.
F4 On April 3, 2023 reporting person was granted RSUs which vest in four equal annual installments commencing on January 24, 2024. Each RSU represents a contingent right to receive one share of Common Stock upon settlement. Such securities were originally included on the Form 3 filed by the reporting person on June 15, 2023.
F5 Upon closing of the Issuer's IPO, each share of Series A Preferred Stock beneficially owned by the reporting person automatically converted, for no additional consideration, into shares of Common Stock on a one for one basis. These shares of Series A Preferred Stock had no expiration date.
F6 Reflects a grant of RSUs which vest in five equal annual installments commencing on June 14, 2024. Each RSU represents a contingent right to receive one share of Common Stock upon settlement.
F7 On April 3, 2023 reporting person was granted options to purchase shares of Common Stock which vest in four equal annual installments commencing on January 24, 2024. Such securities were originally included on the Form 3 filed by the reporting person on June 15, 2023. Reflects the Stock Split.
F8 Reflects a grant of options to purchase shares of Common Stock which vest in five equal annual installments commencing on June 14, 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.