Ronald M. Shaich - Mar 4, 2024 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Role
Director, Former 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
Mar 4, 2024
Transactions value $
-$85,800,000
Form type
4
Date filed
3/6/2024, 04:00 PM
Previous filing
Jun 22, 2023
Next filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Sale -$85.8M -1.5M -25.18% $57.20 4.46M Mar 4, 2024 By Cava Act III, LLC F1, F2
holding CAVA Common Stock 5.69M Mar 4, 2024 By Cava Act III Trust, LLC F2, F3
holding CAVA Common Stock 5K Mar 4, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held by Cava Act III, LLC.
F2 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.
F3 Represents securities held by Cava Act III Trust, LLC.
F4 Includes unvested RSUs.

Remarks:

Following this transaction, Cava Act III Trust, LLC, Cava Act III, LLC and Act III Holdings, LLC are no longer beneficial owners of more than 10% of the Issuer's securities and as such, this filing represents an exit filing for each of Cava Act III Trust, LLC, Cava Act III, LLC and Act III Holdings, LLC.