Jennifer Somers - 20 Jan 2023 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Role
Chief Operations Officer
Signature
/s/ Kenneth Robert Bertram, as Attorney-in-Fact
Issuer symbol
CAVA
Transactions as of
20 Jan 2023
Net transactions value
-$9,609
Form type
4
Filing time
22 Jun 2023, 16:31:54 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 $16,209 -1,692 -1.3% $9.58* 127,653 20 Jan 2023 Direct F1, F2, F3
transaction CAVA Common Stock Award $0 +13,317 +10% $0.000000 140,970 03 Apr 2023 Direct F2, F3, F4
transaction CAVA Common Stock Award $0 +25,568 +18% $0.000000 166,538 20 Jun 2023 Direct F3, F5
transaction CAVA Common Stock Purchase $6,600 +300 $22.00 300 20 Jun 2023 By Spouse

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 +27,456 $0.000000 27,456 03 Apr 2023 Common Stock 27,456 $9.58 Direct F6
transaction CAVA Stock Options (right to buy) Award $0 +50,268 $0.000000 50,268 20 Jun 2023 Common Stock 50,268 $22.00 Direct F7
* 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.
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 Reflects a grant of RSUs which vest in four equal annual installments commencing on June 14, 2024. Each RSU represents a contingent right to receive one share of Common Stock upon settlement.
F6 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.
F7 Reflects a grant of options to purchase shares of Common Stock which vest in four 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.