Major CAVA (CAVA) shareholder Artal entity sells 3M shares, keeps 6.5M

Rhea-AI Filing Summary

Artal Participations S.a r.l., an entity affiliated with CAVA GROUP, INC., reported an open-market sale of 3,000,000 shares of CAVA common stock at $90.30 per share. After this transaction, Artal Participations S.a r.l. holds 6,507,990 common shares.

The filing lists several related entities, including Artal International S.C.A., Artal International Management S.A., Artal Group S.A., Westend S.A., Stichting Administratiekantoor Westend, and Amaury Wittouck as reporting persons. These parties disclaim beneficial ownership of securities held by others except to the extent of their pecuniary interest, citing Rule 16a-1(a)(4) under the Exchange Act.

Insights

Equity ownership and insider-trading analyst

Large shareholder entity sells 3M CAVA shares but retains a sizable stake.

The filing shows Artal Participations S.a r.l. executed an open-market sale of 3,000,000 CAVA common shares at $90.30 per share. Following the sale, it still owns 6,507,990 shares, so this is a partial reduction rather than a full exit.

Multiple affiliated entities, including Artal International S.C.A., Artal Group S.A., Westend S.A. and the Stichting, are listed as reporting persons. The footnotes state they each disclaim beneficial ownership of securities held by others except for their pecuniary interest, referencing Rule 16a-1(a)(4) under the Exchange Act. This clarifies that Artal Participations S.a r.l. is the direct holder of the reported shares.

The transaction is a net sell of 3,000,000 shares with no derivatives exercised and no mention of a Rule 10b5-1 trading plan in the excerpt. The economic impact for investors depends on how this block sale compares with the company’s total shares outstanding, which is not specified in the provided data.

Insider Trade Summary

Net Seller: 3,000,000 shares ($270,900,000)

Net Sell 1 txn

Insider Artal Participations S.a r.l., Artal International S.C.A., Artal International Management S.A., Artal Group S.A., Westend S.A., Stichting Administratiekantoor Westend, Wittouck Amaury

Role null | null | null | null | null | null | null

Sold 3,000,000 shs ($270.90M)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,000,000	$90.30	$270.90M

Holdings After Transaction: Common Stock — 6,507,990 shares (Direct, null)

Footnotes (1)

1. The securities are held directly by Artal Participations S.a r.l. The sole shareholder of Artal Participations S.a r.l. is Artal International S.C.A. The managing partner of Artal International S.C.A. is Artal International Management S.A. The sole stockholder of Artal International Management S.A. is Artal Group S.A. The parent company of Artal Group S.A. is Westend S.A. The majority stockholder of Westend S.A. is Stichting Administratiekantoor Westend (the "Stichting"). Mr. Amaury Wittouck is the sole member of the board of the Stichting. (Continued from Footnote 1) Each of the Reporting Persons, other than Artal Participations S.a r.l., disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Key Figures

Shares sold: 3,000,000 shares Sale price per share: $90.30 per share Shares held after transaction: 6,507,990 shares +1 more

4 metrics

Shares sold 3,000,000 shares Open-market sale of CAVA common stock

Sale price per share $90.30 per share Price for the 3,000,000 CAVA shares sold

Shares held after transaction 6,507,990 shares CAVA common stock held by Artal Participations S.a r.l. post-sale

Net shares sold 3,000,000 shares Net buy/sell direction is net-sell per transaction summary

Key Terms

open-market sale, beneficial ownership, pecuniary interest, Rule 16a-1(a)(4), +1 more

5 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

beneficial ownership financial

"disclaims beneficial ownership of the securities held by the other Reporting Persons"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"except to the extent of such Reporting Person's pecuniary interest therein"

Rule 16a-1(a)(4) regulatory

"pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934"

Section 16 regulatory

"for purposes of Section 16 of the Exchange Act or for any other purpose"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Artal Participations S.a r.l.

(Last) (First) (Middle)

VALLEY PARK

44, RUE DE LA VALLEE

(Street)

LUXEMBOURG LUXEMBOURG L-2661

(City) (State) (Zip)

LUXEMBOURG

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/15/2026		S		3,000,000	D	$90.3	6,507,990	D(1)(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Artal Participations S.a r.l.

(Last) (First) (Middle)

VALLEY PARK

44, RUE DE LA VALLEE

(Street)

LUXEMBOURG LUXEMBOURG L-2661

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Artal International S.C.A.

(Last) (First) (Middle)

VALLEY PARK

44, RUE DE LA VALLEE

(Street)

LUXEMBOURG LUXEMBOURG L-2661

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Artal International Management S.A.

(Last) (First) (Middle)

VALLEY PARK

44, RUE DE LA VALLEE

(Street)

LUXEMBOURG LUXEMBOURG L-2661

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Artal Group S.A.

(Last) (First) (Middle)

VALLEY PARK

44, RUE DE LA VALLEE

(Street)

LUXEMBOURG LUXEMBOURG L-2661

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Westend S.A.

(Last) (First) (Middle)

VALLEY PARK

44, RUE DE LA VALLEE

(Street)

LUXEMBOURG LUXEMBOURG L-2661

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Stichting Administratiekantoor Westend

(Last) (First) (Middle)

H.J.E. WENCKEBACHWEG 252

AMSTERDAM

(Street)

THE NETHERLANDS NETHERLANDS 1096 AS

(City) (State) (Zip)

NETHERLANDS

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Wittouck Amaury

(Last) (First) (Middle)

VALLEY PARK

44, RUE DE LA VALLEE

(Street)

LUXEMBOURG LUXEMBOURG L2661

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The securities are held directly by Artal Participations S.a r.l. The sole shareholder of Artal Participations S.a r.l. is Artal International S.C.A. The managing partner of Artal International S.C.A. is Artal International Management S.A. The sole stockholder of Artal International Management S.A. is Artal Group S.A. The parent company of Artal Group S.A. is Westend S.A. The majority stockholder of Westend S.A. is Stichting Administratiekantoor Westend (the "Stichting"). Mr. Amaury Wittouck is the sole member of the board of the Stichting.

2. (Continued from Footnote 1) Each of the Reporting Persons, other than Artal Participations S.a r.l., disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Remarks:

For purposes of Section 16 of the Exchange Act, the Reporting Persons may be deemed to be directors by deputization of the Issuer by virtue of their representatives on the Issuer's board of directors.

	ARTAL PARTICIPATIONS S.A R.L. By: /s/ Pierre Claudel Name: Pierre Claudel Title: Manager	06/17/2026
	ARTAL INTERNATIONAL S.C.A., By: /s/ Anne Goffard Name: Anne Goffard Title: Managing Director of Artal International Management S.A, its Managing Partner	06/17/2026
	ARTAL INTERNATIONAL MANAGEMENT S.A. By: /s/ Anne Goffard Name: Anne Goffard Title: Managing Director	06/17/2026
	ARTAL GROUP S.A. By: /s/ Anne Goffard Name: Anne Goffard Title: Authorized Person	06/17/2026
	WESTEND S.A. By: /s/ Anne Goffard Name: Anne Goffard Title: Managing Director	06/17/2026
	STICHTING ADMINISTRATIEKANTOOR WESTEND By: /s/ Amaury Wittouck Name: Amaury Wittouck Title: Sole Member of the Board	06/17/2026
	/s/ Amaury Wittouck	06/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CAVA (CAVA) report from Artal Participations S.a r.l.?

CAVA reported that Artal Participations S.a r.l. sold 3,000,000 shares of CAVA common stock in an open-market transaction at $90.30 per share. This is a significant partial sale by a major shareholder entity while leaving a substantial remaining position.

How many CAVA (CAVA) shares does Artal Participations S.a r.l. hold after the sale?

After the reported transaction, Artal Participations S.a r.l. holds 6,507,990 shares of CAVA common stock. This indicates the entity reduced, but did not eliminate, its ownership stake and continues to remain a large shareholder in the company.

Was the CAVA (CAVA) insider transaction an open-market sale or another type?

The filing describes the transaction as an open-market sale of CAVA common stock. The transaction code is “S,” and the narrative labels it an “open-market sale,” meaning the shares were sold into the market rather than through a private grant or option exercise.

Which entities are listed as reporting persons in the CAVA (CAVA) Form 4?

Reporting persons include Artal Participations S.a r.l., Artal International S.C.A., Artal International Management S.A., Artal Group S.A., Westend S.A., Stichting Administratiekantoor Westend, and Amaury Wittouck. They are linked through an ownership chain described in the footnotes of the filing.

Do all reporting persons claim full beneficial ownership of the CAVA (CAVA) shares?

No. The footnotes state that each reporting person, other than Artal Participations S.a r.l., disclaims beneficial ownership of securities held by others, except to the extent of their pecuniary interest. They cite Rule 16a-1(a)(4) under the Exchange Act for this treatment.

Does the CAVA (CAVA) Form 4 mention any derivative exercises or option activity?

The transaction summary shows no derivative exercises, with exerciseCount and exerciseShares both at zero. The derivativeSummary is empty, indicating the reported activity consists solely of the open-market sale of common stock, without related option or warrant exercises in this filing.