CAVA CAO exercises options, sells 5,181 shares
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
CAVA GROUP, INC. Chief Accounting Officer Adam David Phillips exercised stock options and sold shares in a routine portfolio move. He exercised options for 5,181 shares of common stock at $9.58 per share, then sold 5,181 shares in open-market transactions at a weighted average price of $77.14 per share, with individual sale prices ranging from $76.97 to $77.29. Following these transactions, he directly holds 9,505 shares of common stock, which include unvested restricted stock units, and retains 2,589 stock options expiring in 2033.
Insider Trade Summary
Exercise and Sale: 5,181 shares ($350K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Phillips Adam David
Role
Chief Accounting Officer
Sold
5,181 shs ($400K)
Approx. gross sale proceeds
$400K
Approx. exercise cost
$50K
Approx. pre-tax spread
$350K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 5,181 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,181 | $9.58 | $50K |
| Sale | Common Stock | 5,181 | $77.14 | $400K |
Holdings After Transaction:
Stock Options (right to buy) — 2,589 contracts (Direct);
Common Stock — 9,505 shares (Direct)
Footnotes (3)
- F1. Includes unvested restricted stock units.
- F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.97 to $77.29, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, 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.
- F3. Options granted on April 3, 2023 vest in four equal annual installments commencing on January 24, 2024.
Key Figures
Shares sold: 5,181 shares
Sale price (weighted average): $77.14 per share
Options exercised: 5,181 shares
+3 more
6 metrics
Shares sold
5,181 shares
Common stock sold in open market on May 21, 2026
Sale price (weighted average)
$77.14 per share
Weighted average sale price; range $76.97–$77.29
Options exercised
5,181 shares
Common stock acquired via option exercise
Option exercise price
$9.58 per share
Conversion or exercise price of stock options
Common shares held after
9,505 shares
Direct holdings following transactions, includes unvested RSUs
Options remaining
2,589 options
Stock options outstanding after exercise; expire April 3, 2033
Key Terms
restricted stock units, weighted average price, Stock Options (right to buy), vest, +1 more
5 terms
restricted stock units financial
"Includes unvested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Options (right to buy) financial
"Stock Options (right to buy) listed as a derivative security."
vest financial
"Options granted on April 3, 2023 vest in four equal annual installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
derivative security financial
"Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CAVA (CAVA) Chief Accounting Officer Adam Phillips do in this Form 4?
Adam Phillips exercised stock options for 5,181 CAVA shares, then sold 5,181 shares in open-market trades. The filing shows a standard exercise-and-sell pattern often used to monetize options while maintaining an equity position in the company.
What stock options did Adam Phillips exercise in this CAVA (CAVA) filing?
He exercised stock options covering 5,181 CAVA shares at an exercise price of $9.58 per share. These options were granted on April 3, 2023 and vest in four equal annual installments beginning January 24, 2024, according to the footnotes.
What CAVA (CAVA) stock options remain for Adam Phillips after this Form 4?
Following the option exercise, 2,589 stock options remain outstanding for Adam Phillips. These options carry a conversion or exercise price of $9.58 per share and have an expiration date of April 3, 2033, based on the derivative transaction details.
Was Adam Phillips’ CAVA (CAVA) transaction an open-market sale?
Yes. The Form 4 classifies the 5,181-share disposition as an open-market sale under transaction code “S.” The transaction description states it was a sale in open market or private transactions, with pricing disclosed as a weighted average range.
AI-generated analysis. How Rhea-AI works. Not financial advice.
