CAVA (CAVA) CEO Brett Schulman sells 21,650 shares in tax sell-to-cover
Rhea-AI Filing Summary
CAVA Group CEO and President Brett Schulman reported an automatic sale of Common Stock tied to equity compensation. On 01/21/2026, he sold 21,650 shares of CAVA Common Stock at a weighted average price of $67.41 per share, coded as an "S" transaction.
According to the footnotes, these shares were required to be sold to cover tax withholding obligations upon the vesting of restricted stock units (RSUs) under the company’s equity incentive plans, and the sale did not represent discretionary trading by Schulman. The reported price reflects the weighted average for 52,702 shares sold by a broker on behalf of multiple employees in mandatory sell-to-cover transactions.
After this transaction, Schulman beneficially owned 807,325 shares directly, which includes unvested RSUs, plus additional indirect holdings of 57,495 shares by spouse, 682,710 shares by an LLC, and 150 shares by daughter, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 21,650 | $67.41 | $1.46M |
| holding | Common Stock | -- | -- | -- |
| 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.