Brett Schulman - Jun 14, 2024 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Role
CEO and President, Director
Signature
/s/ Kenneth Robert Bertram, as Attorney-in-Fact
Stock symbol
CAVA
Transactions as of
Jun 14, 2024
Transactions value $
-$8,820,838
Form type
4
Date filed
6/18/2024, 05:00 PM
Previous filing
Jan 26, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Options Exercise $51.2K +40K +4.16% $1.28* 1M Jun 14, 2024 Direct F1
transaction CAVA Common Stock Tax liability -$2.89M -32.1K -3.2% $89.93 971K Jun 14, 2024 Direct F2, F3
transaction CAVA Common Stock Sale -$5.98M -66.4K -6.84% $90.11 904K Jun 14, 2024 Direct F3, F4
holding CAVA Common Stock 57.5K Jun 14, 2024 By Spouse
holding CAVA Common Stock 683K Jun 14, 2024 By LLC

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) Options Exercise $0 -40K -33.67% $0.00 78.8K Jun 14, 2024 Common Stock 40K $1.28 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 3,488 shares of common stock, par value $0.001 ("Common Stock") of Cava Group, Inc. (the "Issuer") received via pro-rata in-kind distributions from SWaN & Legend Fund 3, LP and SWaN & Legend Fund 4, LP to its respective limited partners and unvested restricted stock units ("RSUs").
F2 Represents shares of Common Stock that have been withheld by the Issuer to satisfy the tax withholding obligations in connection with the net settlement of RSUs.
F3 Includes unvested RSUs.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.74 to $90.51, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
F5 These options are fully vested.

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.