CAVA Form 4: Director moves 16,000 shares into TX 2025 Irrevocable Trust
Rhea-AI Filing Summary
Cava Group insider transfer of 16,000 shares to a family trust The reporting person, Theodoros Xenohristos, who is both a director and Chief Concept Officer of CAVA GROUP, INC. (CAVA), reported on Form 4 that on September 18, 2025 he transferred 16,000 shares of common stock to the "TX 2025 Irrevocable Exempt Trust" dated September 10, 2025, for no consideration. After the transaction he beneficially owned 334,209 shares (which includes unvested restricted stock units) and the trust directly holds 16,000 shares. The filer disclaims beneficial ownership of the trust holdings except to the extent of any pecuniary interest.
Positive
- Transaction disclosed promptly on Form 4, providing transparency to investors
- Beneficial ownership total disclosed (334,209 shares, including unvested RSUs) giving clear ownership context
Negative
- Direct holdings decreased by 16,000 shares following the transfer to the trust
Insights
TL;DR: A director transferred 16,000 CAVA shares into a family trust for estate planning/holding; filing is routine and non-material to company operations.
The Form 4 discloses a voluntary transfer of equity to an irrevocable family trust for no consideration, with spouse as trustee and beneficiaries limited to spouse and descendants. Such transfers commonly reflect personal estate planning and do not change company capital structure or imply corporate actions. The reporting person still beneficially owns 334,209 shares including unvested RSUs, and the disclosure includes the required disclaimer of beneficial ownership regarding the trust. This is a routine Section 16 disclosure with low investor impact.
TL;DR: Transaction follows Section 16 reporting norms; transfer to trust reported properly and includes required clarifying remarks.
The filing shows a Code G transfer (gift or transfer to trust) of 16,000 common shares on 09/18/2025 and reports ownership totals post-transaction. The remarks clarify inclusion of unvested restricted stock units in the beneficial ownership figure and include the standard disclaimer about indirect beneficial ownership. From a disclosure and compliance standpoint, the Form 4 appears complete and meets the applicable reporting requirements.