CAVA (CAVA) HR chief sells shares in mandatory tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAVA Group Chief People Officer Kelly Costanza reported automatic sales of company stock tied to tax withholding on vested restricted stock units (RSUs). On January 27, 2026, she sold 1,130 shares at a weighted average of $61.96 and 577 shares at $62.50.
The filing explains these were mandatory “sell to cover” transactions under CAVA’s equity incentive plans, not discretionary trading decisions. After the sales, Costanza beneficially owns 119,139 shares of CAVA common stock, which the filing notes includes unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,707 shares ($106,077)
Net Sell
2 txns
Insider
Costanza Kelly
Role
Chief People Officer
Sold
1,707 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,130 | $61.96 | $70K |
| Sale | Common Stock | 577 | $62.50 | $36K |
Holdings After Transaction:
Common Stock — 119,716 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person. The price reported in column 4 represents the weighted average price of 31,092 shares of Common Stock sold by the broker on behalf of employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of RSUs. These shares were sold in multiple transactions at prices ranging from $61.40 to $62.39, inclusive. The proceeds of all such sales were allocated to the employees, including the Reporting Person, on a pro rata basis. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), 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. Includes unvested RSUs. The price reported in column 4 represents the weighted average price of 15,886 shares of Common Stock sold by the broker on behalf of employees of the Issuer as a result of mandatory sell to cover transactions associated with the vesting of RSUs. These shares were sold in multiple transactions at prices ranging from $62.40 to $62.72, inclusive. The proceeds of all such sales were allocated to the employees, including the Reporting Person, on a pro rata basis. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
FAQ
Were Kelly Costanza’s CAVA stock sales discretionary trades?
No. The filing states the sales were mandatory to cover tax withholding on vesting restricted stock units under CAVA’s equity incentive plans. The company elected a “sell to cover” approach, so these transactions do not represent discretionary trading decisions by Kelly Costanza.
What triggered the mandatory sell-to-cover transactions for CAVA employees?
The transactions were triggered by the vesting of restricted stock units granted under CAVA’s equity incentive plans. To satisfy associated tax withholding obligations, the issuer elected to fund those taxes via broker-handled “sell to cover” stock sales rather than requiring employees to provide cash.
Does the CAVA Form 4 mention unvested RSUs for Kelly Costanza?
Yes. The filing notes that the total of 119,139 CAVA shares beneficially owned by Kelly Costanza includes unvested restricted stock units. This means her reported holdings combine currently owned common shares and RSUs that are still subject to future vesting conditions.