[Form 4] CAVA GROUP, INC. Insider Trading Activity
Kenneth Robert Bertram, Chief Legal Officer and Secretary of CAVA Group, Inc. (CAVA), reported a sell-to-cover transaction on 09/29/2025 related to vested restricted stock units. The broker sold 3,771 shares at a weighted average price of $58.86 (individual trade prices ranged $58.82–$58.92) to satisfy tax-withholding obligations required by the company’s equity plan. After the transaction the reporting person beneficially owned 54,931 shares directly, with additional indirect holdings of 1,500 shares attributable to a spouse and 195 shares attributable to a daughter; the filing states unvested RSUs are included in the totals. The sale is described as mandated and not a discretionary trade.
Kenneth Robert Bertram, Chief Legal Officer e Segretario di CAVA Group, Inc. (CAVA), ha riferito una transazione di vendita per coprire premi azionari (sell-to-cover) il 29/09/2025 relativa alle restricted stock units maturate. Il broker ha venduto 3.771 azioni a un prezzo medio ponderato di 58,86 USD (i prezzi delle singole operazioni variavano tra 58,82–58,92 USD) per soddisfare gli obblighi di ritenuta fiscale richiesti dal piano azionario dell’azienda. Dopo la transazione la persona che segnala possedeva direttamente 54.931 azioni, con ulteriori quote indirette di 1.500 azioni attribuite al coniuge e 195 azioni attribuite a una figlia; la dichiarazione indica che le RSU non vestite sono incluse nei totali. La vendita è descritta come obbligata e non come un’operazione discrezionale.
Kenneth Robert Bertram, Director Jurídico y Secretario de CAVA Group, Inc. (CAVA), informó una operación de venta para cubrir compromisos fiscales relacionada con unidades de acciones restringidas con vesting el 29/09/2025. El bróker vendió 3.771 acciones a un precio medio ponderado de 58,86 USD (los precios de operaciones individuales variaban entre 58,82 y 58,92 USD) para satisfacer las obligaciones de retención de impuestos requeridas por el plan de acciones de la empresa. Después de la operación, la persona reportante poseía directamente 54.931 acciones, con participaciones indirectas adicionales de 1.500 acciones atribuidas a un cónyuge y 195 acciones atribuidas a una hija; la presentación indica que las RSU no vestidas están incluidas en los totales. La venta se describe como obligada y no como una operación discrecional.
Kenneth Robert Bertram은 CAVA Group, Inc. (CAVA)의 최고법무책임자 겸 비서로 2025년 9월 29일에 해당 시점에 귀속된 제한 주식단위(RSU) 관련 매각-커버 매매를 보고했다. 중개인은 주당 3,771주를 가중평균가 58.86달러로 매도했으며(개별 매매가 58.82~58.92달러 범위), 회사의 주식계획이 요구하는 세금원천징수 의무를 충족하기 위해서였다. 거래 후 보고자는 직접 54,931주를 보유하고 있었고, 배우자에게 귀속된 간접보유 1,500주와 딸에게 귀속된 195주가 추가로 있었다. 신고서는 미귀속 RSU도 총계에 포함되어 있음을 명시한다. 이 매도는 필수적으로 이루어진 것이며 재량 매매로 보도되지 않았다.
Kenneth Robert Bertram, directeur juridique et secrétaire du CAVA Group, Inc. (CAVA), a signalé une opération de vente pour couvrir des actions restreintes acquises sur actions (RSU) le 29/09/2025. Le courtier a vendu 3 771 actions à un prix moyen pondéré de 58,86 USD (les prix des transactions individuelles variaient entre 58,82 et 58,92 USD) afin de satisfaire les obligations de retenue d’impôt requises par le plan d’actions de l’entreprise. Après l’opération, la personne déclarant détenait directement 54 931 actions, avec des positions indirectes supplémentaires de 1 500 actions attribuées à un conjoint et 195 actions attribuées à une fille; le dossier indique que les RSU non vestes sont inclus dans les totaux. La vente est décrite comme obligée et non comme une opération discrétionnaire.
Kenneth Robert Bertram, Chief Legal Officer und Sekretär der CAVA Group, Inc. (CAVA), hat am 29.09.2025 eine Sell-to-Cover-Transaktion im Zusammenhang mit vesteten Restricted Stock Units gemeldet. Der Broker verkaufte 3.771 Aktien zu einem gewichteten Durchschnittspreis von 58,86 USD (einzelne Trades lagen zwischen 58,82–58,92 USD), um die vom Unternehmens-Eigentumsplan vorgeschriebenen Quellensteuerabzüge zu erfüllen. Nach der Transaktion besaß die meldende Person direkt 54.931 Aktien, zusätzlich indirekt 1.500 Aktien, die dem Ehepartner zugeordnet sind, und 195 Aktien, die einer Tochter zugeordnet sind; im Bericht wird angegeben, dass unvestete RSUs in die Gesamtsummen einbezogen sind. Der Verkauf wird als vorgeschrieben und nicht als diskretionäre Transaktion beschrieben.
كينيث روبرت بيرترام، كبير مسؤولي الشؤون القانونية وكاتب سر مجموعة CAVA، أبلغ عن صفقة بيع لغطاء الضريبة في 29/09/2025 تتعلق بوحدات الأسهم المقيدة المحققة (RSU). باع الوسيط 3,771 سهماً بسعر متوسط مرجح قدره 58.86 دولاراً (أسعار المعاملات الفردية تراوحت بين 58.82 و58.92 دولاراً) لتلبية التزامات الخصم الضريبي المطلوبة بموجب خطة أسهم الشركة. بعد الصفقة امتلك الشخص المبلغ مباشرة 54,931 سهماً، بالإضافة إلى حصص غير مباشرة إضافية تبلغ 1,500 سهم تخص الزوج و195 سهم تخص إحدى البنات؛ تشير الإبلاغ إلى أن RSUs غير المحققة مدرجة في الإجمال. الوصف يقول إن البيع مُلزم وليس صفقات تقديرية.
Kenneth Robert Bertram，CAVA Group, Inc.（CAVA）的首席法务官兼秘书在2025年9月29日就已归属的受限股票单位（RSU）相关的“卖出以覆盖”交易进行了报告。经纪人以加权平均价格58.86美元卖出3,771股（单笔交易价格在58.82–58.92美元之间），以满足公司股票计划所要求的扣税义务。交易后，申报人直接拥有54,931股，另外还间接持有1,500股归配偶所有、195股归配偶女儿所有；申报中指出未归属的RSU也计入总数。该卖出被描述为强制执行而非自由裁量交易。
- Transaction is routine and mandated by company sell-to-cover policy, indicating administrative, not discretionary, insider selling.
- Reporting person retains substantial direct ownership of 54,931 shares after the transaction, maintaining alignment with shareholders.
- Insider sale reduces direct holdings by 3,771 shares, though described as tax-related rather than a voluntary divestment.
- Includes unvested RSUs, which may complicate interpretation of current economic ownership without additional vesting schedule detail.
Insights
TL;DR Insider reported a routine sell-to-cover of vested RSUs, not a discretionary sale, leaving substantial remaining ownership.
The Form 4 discloses a mandatory sell-to-cover of 3,771 shares at a weighted average price of $58.86 to satisfy tax withholding on vested restricted stock units. Such transactions are common following vesting events and are typically administratively driven rather than indicative of the officer's view on company prospects. The reporting person retains a meaningful equity stake of 54,931 shares directly plus indirect family holdings. For investors, this filing is procedural and does not constitute material change in ownership or control.
TL;DR Disclosure aligns with standard equity-plan mechanics; the filer explicitly disclaims discretionary intent and beneficial ownership beyond pecuniary interest.
The explanatory footnotes clearly state the sale was required by the issuer’s election to use sell-to-cover for RSU tax withholding and that the reporting person disclaims beneficial ownership of indirectly held shares except for pecuniary interest. The filing is complete in describing the transaction range and weighted average price, and it offers to provide granular price breakdowns on request, which supports transparent compliance with Section 16 reporting obligations.
Kenneth Robert Bertram, Chief Legal Officer e Segretario di CAVA Group, Inc. (CAVA), ha riferito una transazione di vendita per coprire premi azionari (sell-to-cover) il 29/09/2025 relativa alle restricted stock units maturate. Il broker ha venduto 3.771 azioni a un prezzo medio ponderato di 58,86 USD (i prezzi delle singole operazioni variavano tra 58,82–58,92 USD) per soddisfare gli obblighi di ritenuta fiscale richiesti dal piano azionario dell’azienda. Dopo la transazione la persona che segnala possedeva direttamente 54.931 azioni, con ulteriori quote indirette di 1.500 azioni attribuite al coniuge e 195 azioni attribuite a una figlia; la dichiarazione indica che le RSU non vestite sono incluse nei totali. La vendita è descritta come obbligata e non come un’operazione discrezionale.
Kenneth Robert Bertram, Director Jurídico y Secretario de CAVA Group, Inc. (CAVA), informó una operación de venta para cubrir compromisos fiscales relacionada con unidades de acciones restringidas con vesting el 29/09/2025. El bróker vendió 3.771 acciones a un precio medio ponderado de 58,86 USD (los precios de operaciones individuales variaban entre 58,82 y 58,92 USD) para satisfacer las obligaciones de retención de impuestos requeridas por el plan de acciones de la empresa. Después de la operación, la persona reportante poseía directamente 54.931 acciones, con participaciones indirectas adicionales de 1.500 acciones atribuidas a un cónyuge y 195 acciones atribuidas a una hija; la presentación indica que las RSU no vestidas están incluidas en los totales. La venta se describe como obligada y no como una operación discrecional.
Kenneth Robert Bertram은 CAVA Group, Inc. (CAVA)의 최고법무책임자 겸 비서로 2025년 9월 29일에 해당 시점에 귀속된 제한 주식단위(RSU) 관련 매각-커버 매매를 보고했다. 중개인은 주당 3,771주를 가중평균가 58.86달러로 매도했으며(개별 매매가 58.82~58.92달러 범위), 회사의 주식계획이 요구하는 세금원천징수 의무를 충족하기 위해서였다. 거래 후 보고자는 직접 54,931주를 보유하고 있었고, 배우자에게 귀속된 간접보유 1,500주와 딸에게 귀속된 195주가 추가로 있었다. 신고서는 미귀속 RSU도 총계에 포함되어 있음을 명시한다. 이 매도는 필수적으로 이루어진 것이며 재량 매매로 보도되지 않았다.
Kenneth Robert Bertram, directeur juridique et secrétaire du CAVA Group, Inc. (CAVA), a signalé une opération de vente pour couvrir des actions restreintes acquises sur actions (RSU) le 29/09/2025. Le courtier a vendu 3 771 actions à un prix moyen pondéré de 58,86 USD (les prix des transactions individuelles variaient entre 58,82 et 58,92 USD) afin de satisfaire les obligations de retenue d’impôt requises par le plan d’actions de l’entreprise. Après l’opération, la personne déclarant détenait directement 54 931 actions, avec des positions indirectes supplémentaires de 1 500 actions attribuées à un conjoint et 195 actions attribuées à une fille; le dossier indique que les RSU non vestes sont inclus dans les totaux. La vente est décrite comme obligée et non comme une opération discrétionnaire.
Kenneth Robert Bertram, Chief Legal Officer und Sekretär der CAVA Group, Inc. (CAVA), hat am 29.09.2025 eine Sell-to-Cover-Transaktion im Zusammenhang mit vesteten Restricted Stock Units gemeldet. Der Broker verkaufte 3.771 Aktien zu einem gewichteten Durchschnittspreis von 58,86 USD (einzelne Trades lagen zwischen 58,82–58,92 USD), um die vom Unternehmens-Eigentumsplan vorgeschriebenen Quellensteuerabzüge zu erfüllen. Nach der Transaktion besaß die meldende Person direkt 54.931 Aktien, zusätzlich indirekt 1.500 Aktien, die dem Ehepartner zugeordnet sind, und 195 Aktien, die einer Tochter zugeordnet sind; im Bericht wird angegeben, dass unvestete RSUs in die Gesamtsummen einbezogen sind. Der Verkauf wird als vorgeschrieben und nicht als diskretionäre Transaktion beschrieben.
FAQ
What did Kenneth Robert Bertram report in the Form 4 for CAVA on 09/29/2025?
Was the sale by the CAVA insider discretionary or mandatory?
How many CAVA shares does the reporting person own after the transaction?
What price range were the shares sold at in the Form 4?
Does the Form 4 provide additional detail on the number of shares sold at each price?
