CAVA Executive Shows Confidence as CFO Grows Position in Fast-Growing Chain

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Form Type

Rhea-AI Filing Summary

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)

Insider Trade Summary

Net Buyer: 197 shares

Net Buy 2 txns

Insider Tolivar Tricia K.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	197	$63.38	$12K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 236,542 shares (Direct); Common Stock — 2,500 shares (Indirect, By Spouse)

Footnotes (3)

F1. Shares purchased pursuant to the CAVA Group, Inc. 2023 Employee Stock Purchase Plan ("ESPP") in transactions that were exempt under Rule 16b-3, for the ESPP purchase period of December 16, 2024 through June 15, 2025.
F2. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on June 13, 2025.
F3. Includes unvested restricted stock units.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/26/2025 - 04:00 PM

FAQ

How many CAVA shares did CFO Tricia Tolivar purchase on June 16, 2025?

CFO Tricia Tolivar purchased 197 shares of CAVA common stock on June 16, 2025 through the company's Employee Stock Purchase Plan (ESPP).

What was the purchase price for CAVA shares in the ESPP transaction?

The shares were purchased at $63.38 per share, which represents 85% of CAVA's closing stock price on June 13, 2025, according to the ESPP terms.

How many CAVA shares does CFO Tricia Tolivar own after the June 2025 ESPP purchase?

Following the transaction, Tricia Tolivar directly owns 236,542 shares (including unvested restricted stock units) and indirectly owns 2,500 shares through her spouse.

What type of stock purchase plan did CAVA's CFO participate in?

The CFO participated in the CAVA Group, Inc. 2023 Employee Stock Purchase Plan (ESPP), with the purchase period running from December 16, 2024 through June 15, 2025. The transaction was exempt under Rule 16b-3.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tolivar Tricia K.

(Last)

(First)

(Middle)

C/O CAVA GROUP, INC.

14 RIDGE SQUARE NW, SUITE 500

(Street)

WASHINGTON

20016

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CAVA GROUP, INC. [ CAVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/16/2025		A⁽¹⁾	V	197	A	$63.38⁽²⁾	236,542⁽³⁾	D
Common Stock								2,500	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares purchased pursuant to the CAVA Group, Inc. 2023 Employee Stock Purchase Plan ("ESPP") in transactions that were exempt under Rule 16b-3, for the ESPP purchase period of December 16, 2024 through June 15, 2025.

2. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on June 13, 2025.

3. Includes unvested restricted stock units.

Remarks:

The reporting person states that this filing shall not be an admission that the reporting person is the beneficial owner of any of the securities reported herein as indirectly owned, and the reporting person disclaims beneficial ownership of such securities except to the extent of the reporting person's pecuniary interest therein.

	/s/ Kenneth Robert Bertram, as Attorney-in-Fact	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR