SHAICH RONALD M sold CAVA
June 5, 2024 · Form 4 insider transaction
SHAICH RONALD M sold 664,834 shares of CAVA Group, Inc. at $87.25 per share, a transaction worth $58.01M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Cava Act III, LLC initiated pro-rata in-kind distributions of common stock, par value $0.001 ("Common Stock") of Cava Group, Inc. (the "Issuer") to its respective members on June 5, 2024, including distributions to Mr. Shaich and entities where Mr. Shaich serves as the investment manager with sole investment control. Represents the sale of Common Stock received in connection with such distributions, the receipt of which was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.