CAVA executive sells shares to cover RSU taxes
CAVA GROUP, INC. reported an insider transaction by Chief People Officer Kelly Costanza.
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Form Type
4
Rhea-AI Filing Summary
CAVA GROUP, INC. reported an insider transaction by Chief People Officer Kelly Costanza. She sold 10,010 shares of Common Stock on May 21, 2026 at a weighted average price of $79.87 per share.
According to the footnotes, these were mandatory "sell to cover" sales required to satisfy tax withholding obligations tied to vesting restricted stock units (RSUs) under the company’s equity incentive plans, and not discretionary trades. After the transaction, she beneficially owns 113,850 shares, which include unvested RSUs.
Insider Trade Summary
Net Seller: 10,010 shares
Net Sell
1 txn
Insider
Costanza Kelly
Role
Chief People Officer
Sold
10,010 shs ($799K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,010 | $79.87 | $799K |
Holdings After Transaction:
Common Stock — 113,850 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. The price reported in column 4 represents the weighted average price of 10,010 shares of Common Stock sold by the broker on behalf of the Reporting Person 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 $79.74 to $80.24, 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. Includes unvested RSUs.
Key Figures
Shares sold: 10,010 shares
Weighted average sale price: $79.87 per share
Post-transaction holdings: 113,850 shares
+1 more
4 metrics
Shares sold
10,010 shares
Mandatory sell-to-cover on May 21, 2026
Weighted average sale price
$79.87 per share
Open-market sale to cover RSU tax withholding
Post-transaction holdings
113,850 shares
Common Stock holdings after sale, includes unvested RSUs
Sale price range
$79.74–$80.24 per share
Multiple transactions executed by broker for sell-to-cover
Key Terms
restricted stock units ("RSUs"), sell to cover, equity incentive plans, weighted average price, +1 more
5 terms
restricted stock units ("RSUs") financial
"in connection with the vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
sell to cover financial
"funded by a "sell to cover" transaction and do not represent"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
weighted average price financial
"represents the weighted average price of 10,010 shares of Common Stock"
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.
tax withholding obligations financial
"to cover tax withholding obligations in connection with the vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CAVA (CAVA) disclose for Kelly Costanza?
CAVA disclosed that Chief People Officer Kelly Costanza sold 10,010 shares of Common Stock. The shares were sold in a mandatory “sell to cover” transaction to satisfy tax withholding obligations related to vesting RSUs under the company’s equity incentive plans.
Was the CAVA insider sale by Kelly Costanza a discretionary trade?
No, the sale reported for Kelly Costanza was not discretionary. Footnotes explain the 10,010 shares were sold automatically to cover tax withholding on vesting RSUs, following CAVA’s equity plan election requiring “sell to cover” funding of tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
