Ronald M. Shaich - Jun 20, 2023 Form 4 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 20, 2023
Transactions value $
$0
Form type
4
Date filed
6/22/2023, 04:33 PM
Previous filing
Jun 15, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Award $0 +5K $0.00 5K Jun 20, 2023 Direct F1, F2
transaction CAVA Common Stock Options Exercise +135K 135K Jun 20, 2023 By Cava Act III Trust, LLC F3, F4, F5
transaction CAVA Common Stock Options Exercise +1.99M +1466% 2.12M Jun 20, 2023 By Cava Act III Trust, LLC F4, F5, F6
transaction CAVA Common Stock Options Exercise +3.57M +168.1% 5.69M Jun 20, 2023 By Cava Act III Trust, LLC F4, F5, F7
transaction CAVA Common Stock Options Exercise +5.96M 5.96M Jun 20, 2023 By Cava Act III, LLC F5, F7, F8

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 A Preferred Stock Options Exercise $0 -135K -100% $0.00* 0 Jun 20, 2023 Common Stock 135K By Cava Act III Trust, LLC F3, F4, F5
transaction CAVA Series D Preferred Stock Options Exercise $0 -1.99M -100% $0.00* 0 Jun 20, 2023 Common Stock 1.99M By Cava Act III Trust, LLC F4, F5, F6
transaction CAVA Series E Preferred Stock Options Exercise $0 -3.57M -100% $0.00* 0 Jun 20, 2023 Common Stock 3.57M By Cava Act III Trust, LLC F4, F5, F7
transaction CAVA Series E Preferred Stock Options Exercise $0 -5.96M -100% $0.00* 0 Jun 20, 2023 Common Stock 5.96M By Cava Act III, LLC F5, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 the next annual meeting of the stockholders of CAVA Group, Inc. (the "Issuer"), subject to the reporting person's continued service through such date. 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 Includes unvested RSUs.
F3 Upon closing of the Issuer's initial public offering (the "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.
F4 Represents securities held by Cava Act III Trust, LLC.
F5 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 , LLCis 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.
F6 Upon closing of the Issuer's IPO, each share of Series D 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 D Preferred Stock had no expiration date.
F7 Upon closing of the Issuer's IPO, each share of Series E 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 E Preferred Stock had no expiration date.
F8 Represents securities held by Cava Act III, LLC.