CAVA (NYSE: CAVA) officer sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAVA Group, Inc. director and Chief Concept Officer Xenohristos Theodoros reported tax-related share sales linked to restricted stock unit vesting. On January 27, 2026, he sold 688 shares of common stock at a weighted average price of $61.96 and 351 shares at $62.50. These transactions were mandated "sell to cover" sales to satisfy tax withholding obligations under the company’s equity incentive plans, and were not discretionary trades. Following the sales, he reported 332,205 common shares held directly, which include unvested RSUs, and 16,000 shares held indirectly by a trust, for which beneficial ownership is disclaimed except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,039 shares ($64,566)
Net Sell
3 txns
Insider
Xenohristos Theodoros
Role
Chief Concept Officer
Sold
1,039 shs ($65K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 688 | $61.96 | $43K |
| Sale | Common Stock | 351 | $62.50 | $22K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 332,556 shares (Direct);
Common Stock — 16,000 shares (Indirect, By Trust)
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
What insider transaction did CAVA (CAVA) report for Xenohristos Theodoros?
Xenohristos Theodoros reported two small common stock sales on January 27, 2026. He sold 688 shares at $61.96 and 351 shares at $62.50, as part of mandated tax-withholding "sell to cover" transactions tied to restricted stock unit vesting.
Were the recent CAVA (CAVA) insider stock sales discretionary trades?
No, the reported CAVA insider sales were not discretionary trades. The Form 4 states the shares were sold automatically to cover tax withholding obligations arising from RSU vesting under CAVA’s equity incentive plans, rather than being voluntary open-market sales by the executive.
Why were multiple CAVA (CAVA) employees involved in these stock sales?
The Form 4 notes that a broker sold shares on behalf of multiple employees due to RSU vesting. The weighted average prices reflect aggregated sell-to-cover transactions, with proceeds and share counts allocated among employees, including the reporting person, on a pro rata basis.