Cava Group, Inc. SEC Filings

CAVA Group Chief Accounting Officer Adam David Phillips reported the acquisition of 146 shares of common stock at $63.38 per share through the company's Employee Stock Purchase Plan (ESPP) on June 16, 2025. The purchase price represents 85% of the closing price on June 13, 2025, as per ESPP terms.

Following this transaction, Phillips beneficially owns 11,209 shares directly, which includes unvested restricted stock units. The shares were acquired under Rule 16b-3 exempt transactions for the ESPP purchase period spanning December 16, 2024, through June 15, 2025.

Key Transaction Details:

• Transaction Type: ESPP Purchase
• Share Price: $63.38 (15% discount to market)
• Ownership: Direct
• Filing Date: June 28, 2025

CAVA Group CFO Tricia K. Tolivar reported insider trading activity on June 16, 2025. The executive acquired 197 shares of common stock at $63.38 per share through the company's 2023 Employee Stock Purchase Plan (ESPP). The purchase price represented 85% of the closing price on June 13, 2025, as per ESPP terms.

Following the transaction, Tolivar directly owns 236,542 shares, which includes unvested restricted stock units. Additionally, she indirectly owns 2,500 shares through her spouse. The transaction was executed under Rule 16b-3 exemption for the ESPP purchase period spanning December 16, 2024, through June 15, 2025.

• Transaction Type: Purchase through ESPP
• Direct Ownership: 236,542 shares
• Indirect Ownership: 2,500 shares (via spouse)
• Purchase Price: $63.38 (85% of market price)

CAVA Group held its annual stockholder meeting on June 20, 2025, with several key matters put to vote. Three Class II directors were elected to serve until 2028: Benjamin Felt (59.7M votes), Ronald Shaich (58.7M votes), and Theodoros Xenohristos (67.4M votes).

Shareholders approved key governance measures including:

• Executive Compensation: Approved with 70.3M votes in favor (91% approval)
• Say-on-Pay Frequency: Overwhelming support for annual voting with 76.3M votes (99% approval)
• Auditor Appointment: Deloitte & Touche LLP ratified as independent auditor through December 28, 2025, with 93.8M votes in favor (99% approval)

The Board has confirmed it will maintain annual advisory votes on executive compensation until the next frequency vote or Board determination. The filing was certified by CFO Tricia Tolivar.

CAVA Group, Inc. (CAVA) – Form 4 insider filing (dated 06/24/2025)

The filing discloses a routine equity award to Director Ronald M. Shaich. On 06/20/2025 he received 1,767 restricted stock units (RSUs) that will vest in full on the earlier of (i) 20 June 2026 or (ii) the business day before CAVA’s next annual shareholder meeting, subject to continued service. Each RSU converts into one share of common stock upon settlement. The grant price is recorded as $0, indicating it is a standard, cost-free director equity award.

After the grant, Shaich’s reported beneficial ownership comprises:

• Direct holdings: 8,074 shares (includes the unvested RSUs)
• Indirect holdings: 2,901,265 shares via Cava Act III Trust, LLC
• 1,374,328 shares via Cava Act III, LLC
• 253,306 shares via Act III Holdings, LLC

Total reported beneficial ownership (direct + indirect) equals 4,536,973 shares. Shaich disclaims beneficial ownership of the indirect holdings except for his pecuniary interest.

No shares were sold or disposed of; consequently, there is no dilution to existing shareholders from insider selling. The filing contains no derivative transactions, option exercises, or price-sensitive information beyond the RSU award terms.

For investors, this Form 4 represents a routine board compensation grant with minimal immediate financial impact. While it slightly increases fully diluted share count, the magnitude (1,767 shares) is < 0.01 % of outstanding indirect holdings and is therefore immaterial to CAVA’s float or insider ownership structure.

Form 4 overview: CAVA Group, Inc. (ticker: CAVA) disclosed an insider equity transaction involving director Benjamin Felt on 20 June 2025. The filing reports the grant of 1,767 restricted stock units (RSUs) to Felt, coded “A” (acquisition) at a price of $0, reflecting standard equity compensation rather than an open-market purchase. Following the grant, Felt’s total beneficial ownership stands at 8,074 common shares, a figure that includes unvested RSUs.

Vesting terms: The RSUs vest in full on the earlier of (i) 20 June 2026 or (ii) the business day preceding the next annual shareholders’ meeting, contingent upon Felt’s continued board service. Each vested RSU converts into one share of CAVA common stock.

Investor relevance: The transaction is routine director compensation and involves a relatively small number of shares, implying de-minimis dilution and limited market impact. Nevertheless, it modestly aligns director incentives with shareholder interests by increasing direct equity exposure.

CAVA Group, Inc. (CAVA) Form 4 filing dated 06/24/2025 discloses a routine equity grant to independent director James D. White.

On 06/20/2025 Mr. White received 1,767 restricted stock units (RSUs) at no cost (transaction code “A”). The RSUs vest in full on the earlier of 20 June 2026 or the business day before CAVA’s next annual shareholder meeting, subject to continued board service. Each RSU converts to one share of common stock upon settlement.

Following the grant, the director’s total beneficial ownership stands at 5,574 shares, which includes unvested RSUs. No shares were sold or otherwise disposed of, and no derivative securities were involved. The filing was executed by an attorney-in-fact on 06/24/2025.

Form 4 overview – CAVA Group, Inc. (CAVA)

On 06/24/2025 the company disclosed that director Lauri M. Shanahan received 1,767 restricted stock units (RSUs) on 06/20/2025 at a purchase price of $0. After the grant, her total beneficial ownership stands at 8,074 common shares, which includes unvested RSUs.

The RSUs vest in full on the earlier of 20 Jun 2026 or the business day preceding the next annual shareholder meeting, contingent upon Ms. Shanahan’s continued board service. Each RSU converts into one share of CAVA common stock upon settlement.

No shares were sold and no derivative securities were involved. This grant reflects routine director equity compensation, causes immaterial dilution, and modestly aligns director-shareholder interests without affecting the company’s operating outlook or near-term financials.

Form 4 overview: On 20 June 2025, CAVA Group, Inc. (ticker: CAVA) reported an insider equity transaction by director Philippe Amouyal.

• Security granted: 1,767 restricted stock units (RSUs) of CAVA common stock at a price of $0, reported as an acquisition (Code A).
• Vesting terms: The RSUs vest in full on the earlier of (i) 20 June 2026 or (ii) the business day before CAVA’s next annual shareholder meeting, contingent upon the director’s continued service.
• Post-transaction ownership: Amouyal now beneficially owns 18,074 CAVA shares, a figure that includes unvested RSUs.
• Ownership form: Direct.
• Signatory: Kenneth Robert Bertram acting under power of attorney; filing date 24 June 2025.

Investor take-away: The filing describes a routine equity compensation grant to a non-executive director. No open-market purchase or sale occurred and there was no cash consideration. While the award modestly increases insider ownership, the size (1,767 shares) is limited and lacks price signalling. Consequently, the filing has minimal immediate impact on CAVA’s valuation but does reinforce ongoing alignment between the board member and shareholders through equity-based incentives.