Kenneth Robert Bertram - 27 Jan 2025 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Jan 2025, 16:01:16 UTC
Prior SEC filing
23 Jan 2025
Next SEC filing
04 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kenneth Robert Bertram

Key filing fact

Kenneth Robert Bertram filed Form 4 for CAVA GROUP, INC. (CAVA) on 29 Jan 2025.

Key facts

  • This page summarizes Kenneth Robert Bertram's Form 4 filing for CAVA GROUP, INC. (CAVA).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 29 Jan 2025, 16:01.

Change

  • Previous filing in this sequence was filed on 23 Jan 2025.
  • Current net transaction value: -$84,339.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CAVA transaction

Common Stock

Sale

Transaction value
$18,397
Shares
-149
Change %
-0.26%
Price
$123.47
Shares after
57,841
Date
27 Jan 2025
Ownership
Direct
Footnotes
F1, F2, F3
CAVA transaction

Common Stock

Sale

Transaction value
$47,299
Shares
-380
Change %
-0.66%
Price
$124.47
Shares after
57,461
Date
27 Jan 2025
Ownership
Direct
Footnotes
F1, F3, F4
CAVA transaction

Common Stock

Sale

Transaction value
$18,643
Shares
-149
Change %
-0.26%
Price
$125.12
Shares after
57,312
Date
27 Jan 2025
Ownership
Direct
Footnotes
F1, F3, F5
CAVA holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,500
Date
27 Jan 2025
Ownership
By Spouse
CAVA holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
195
Date
27 Jan 2025
Ownership
By Daughter
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The sales reported on this Form 4 represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.

Footnote F2

The price reported in column 4 represents the weighted average price of 8,413 shares of Common Stock sold by the broker on behalf of employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of RSUs. These shares were sold in multiple transactions at prices ranging from $122.85 to $123.81, inclusive. The proceeds of all such sales were allocated to the employees, including the Reporting Person, on a pro rata basis. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

Footnote F3

Includes unvested RSUs.

Footnote F4

The price reported in column 4 represents the weighted average price of 21,393 shares of Common Stock sold by the broker on behalf of employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of RSUs. These shares were sold in multiple transactions at prices ranging from $123.89 to $124.88, inclusive. The proceeds of all such sales were allocated to the employees, including the Reporting Person, on a pro rata basis. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the SEC, 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.

Footnote F5

The price reported in column 4 represents the weighted average price of 8,397 shares of Common Stock sold by the broker on behalf of employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of RSUs. These shares were sold in multiple transactions at prices ranging from $124.89 to $125.69, inclusive. The proceeds of all such sales were allocated to the employees, including the Reporting Person, on a pro rata basis. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.

SEC 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.

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