Ronald M. Shaich - Jun 20, 2024 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Role
Director
Signature
/s/ Ronald M. Shaich
Stock symbol
CAVA
Transactions as of
Jun 20, 2024
Transactions value $
$0
Form type
4
Date filed
6/24/2024, 04:04 PM
Previous filing
Jun 7, 2024
Next filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Award $0 +1.31K +26.14% $0.00 6.31K Jun 20, 2024 Direct F1, F2
holding CAVA Common Stock 1.37M Jun 20, 2024 By Cava Act III, LLC F3, F4
holding CAVA Common Stock 5.69M Jun 20, 2024 By Cava Act III Trust, LLC F4, F5
holding CAVA Common Stock 83.3K Jun 20, 2024 By Act III Holdings, LLC F4, F6
* 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 20, 2025 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 ("Common Stock") upon settlement.
F2 Includes unvested RSUs.
F3 Represents Common Stock held by Cava Act III, LLC.
F4 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. Mr. Shaich disclaims beneficial ownership of the securities reported herein, except to the extent of his 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, Mr. Shaich the beneficial owner of any securities reported herein.
F5 Represents Common Stock held by Cava Act III Trust, LLC.
F6 Represents Common Stock held by Act III Holdings, LLC.