CAVA (CAVA) CLO Kenneth Robert logs 1,074-share tax sell-to-cover trade
Rhea-AI Filing Summary
CAVA Group’s Chief Legal Officer and Secretary, Bertram Kenneth Robert, reported a sale of 1,074 shares of Common Stock on January 21, 2026 at a weighted average price of $67.41 per share. According to the filing, these shares were sold under a mandatory “sell to cover” arrangement to satisfy tax withholding obligations tied to the vesting of restricted stock units, and are not discretionary trades. After this transaction, he directly beneficially owned 50,116 shares of Common Stock, which the filing notes includes unvested RSUs, and there were additional indirect holdings of 1,500 shares by his spouse and 195 shares by his daughter, with beneficial ownership of those indirect positions disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,074 | $67.41 | $72K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 52,702 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 $67.05 to $67.78, 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, 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.
FAQ
What insider transaction did CAVA (CAVA) report for Bertram Kenneth Robert?
The filing reports that Bertram Kenneth Robert, CAVA Group’s Chief Legal Officer and Secretary, had 1,074 shares of Common Stock sold on January 21, 2026 at a weighted average price of $67.41 per share.
Was the CAVA (CAVA) insider sale by Bertram Kenneth Robert a discretionary trade?
No. The filing explains that the sale represents shares required to be sold to cover tax withholding obligations from the vesting of restricted stock units under a mandatory “sell to cover” election by the company, and it states that these are not discretionary trades by the reporting person.
How was the $67.41 price for the CAVA (CAVA) insider sale determined?
The reported price of $67.41 per share is a weighted average for 52,702 shares of Common Stock sold by a broker on behalf of multiple employees in mandatory sell-to-cover transactions, allocated to employees, including the reporting person, on a pro rata basis. The individual trades occurred between $67.05 and $67.78 per share.
What does the CAVA (CAVA) filing say about unvested RSUs for Bertram Kenneth Robert?
The filing notes that the 50,116 directly beneficially owned shares of Common Stock include unvested restricted stock units (RSUs).