Kenneth Robert Bertram - Jan 20, 2023 Form 4 Insider Report for CAVA GROUP, INC. (CAVA)

Role
CLO & Secretary
Signature
/s/ Kenneth Robert Bertram
Stock symbol
CAVA
Transactions as of
Jan 20, 2023
Transactions value $
$87,802
Form type
4
Date filed
6/22/2023, 04:32 PM
Previous filing
Aug 5, 2021
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAVA Common Stock Other -$10.2K -1.06K -2.55% $9.58 40.6K Jan 20, 2023 Direct F1, F2, F3
transaction CAVA Common Stock Award $0 +9.28K +22.85% $0.00 49.9K Apr 3, 2023 Direct F2, F3, F4
transaction CAVA Common Stock Exercise of in-the-money or at-the-money derivative security $47.5K +7.04K +14.1% $6.75* 56.9K May 22, 2023 Direct F3
transaction CAVA Common Stock Award $0 +20.5K +35.93% $0.00 77.4K Jun 20, 2023 Direct F3, F5
transaction CAVA Common Stock Purchase $33K +1.5K $22.00 1.5K Jun 20, 2023 By Spouse
transaction CAVA Common Stock Purchase $13.2K +600 $22.00 600 Jun 20, 2023 By Son
transaction CAVA Common Stock Purchase $4.29K +195 $22.00 195 Jun 20, 2023 By Daughter

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) Award $0 +19.1K $0.00 19.1K Apr 3, 2023 Common Stock 19.1K $9.58 Direct F6
transaction CAVA Stock Options (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -7.04K -25% $0.00 21.1K May 22, 2023 Common Stock 7.04K $6.75 Direct F7
transaction CAVA Stock Options (right to buy) Award $0 +40.2K $0.00 40.2K Jun 20, 2023 Common Stock 40.2K $22.00 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares that have been withheld by CAVA Group, Inc. (the "Issuer") to satisfy the tax withholding obligations in connection with the net settlement of restricted stock units ("RSUs").
F2 The number of shares of common stock, par value $0.0001 per share (the "Common Stock"), of the Issuer reported in this Form 4 reflects the 3-for-1 forward stock split of Common Stock (the "Stock Split"), which became effective on June 2, 2023 in connection with the Issuer's initial public offering.
F3 Includes unvested RSUs.
F4 On April 3, 2023 reporting person was granted RSUs which vest in four equal annual installments commencing on January 24, 2024. Each RSU represents a contingent right to receive one share of Common Stock upon settlement. Such securities were originally included on the Form 3 filed by the reporting person on June 15, 2023.
F5 Reflects a grant of RSUs which vest in four equal annual installments commencing on June 14, 2024. Each RSU represents a contingent right to receive one share of Common Stock upon settlement.
F6 On April 3, 2023 reporting person was granted options to purchase shares of Common Stock which vest in four equal annual installments commencing on January 24, 2024. Such securities were originally included on the Form 3 filed by the reporting person on June 15, 2023. Reflects the Stock Split.
F7 Remaining options vest in three equal annual installments commencing January 20, 2024.
F8 Reflects a grant of options to purchase shares of Common Stock which vest in four equal annual installments commencing on June 14, 2024.

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.