Karen Kochevar - Jun 20, 2023 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Role
Director
Signature
/s/ Kenneth Robert Bertram, as Attorney-in-Fact
Stock symbol
CAVA
Transactions as of
Jun 20, 2023
Transactions value $
$0
Form type
4
Date filed
6/22/2023, 04:33 PM
Previous filing
Jun 15, 2023
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Options Exercise +1.32K +38.92% 4.72K Jun 20, 2023 Direct F1
transaction CAVA Common Stock Award $0 +5K +105.89% $0.00 9.72K Jun 20, 2023 Direct F2, F3

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 E Preferred Stock Options Exercise $0 -1.32K -100% $0.00* 0 Jun 20, 2023 Common Stock 1.32K Direct F1
* 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, each share of Series E Preferred Stock beneficially owned by the reporting person automatically converted, for no additional consideration, into common stock, par value $0.0001 per share ("Common Stock") on a one for one basis. These shares of Series E Preferred Stock had no expiration date. Shares reported reflect the 3-for-1 forward stock split of Common Stock which became effective on June 2, 2023 in connection with the Issuer's initial public offering.
F2 Reflects a grant of restricted stock units ("RSU"), which vest in full on the earlier of (i) June 14, 2024 and (ii) the business day before the date of next annual meeting of the Issuer's stockholders, subject to reporting person's continued service through such date. Each RSU represents a contingent right to receive one share of Common Stock upon settlement.
F3 Includes unvested RSUs.