CAVA (NYSE: CAVA) director sells 10,000 shares after exercising stock options

Rhea-AI Filing Summary

CAVA GROUP, INC. director Karen Kochevar reported a combination of option exercises and share sales in Common Stock. On 2026-06-18, she exercised stock options to acquire a total of 10,000 shares at strike prices ranging from $2.94 to $9.58 per share. That same day, she executed an open-market sale of 10,000 shares at $90.00 per share. Following these transactions, she directly holds 3,074 shares of CAVA Common Stock.

Insights

Equity compensation analyst

Routine option exercise paired with an offsetting sale, modest in scale.

Director Karen Kochevar exercised stock options for 10,000 CAVA shares at strike prices between $2.94 and $9.58, then sold 10,000 shares at $90.00 in an open-market transaction on 2026-06-18. This pattern is typical of insiders converting options and taking liquidity.

After the transactions, she directly holds 3,074 CAVA shares, indicating a relatively small remaining position. The filing shows no remaining derivative positions in the summarized data, and the footnote confirms the options involved were fully vested and exercisable. Overall, this looks like a routine monetization of equity compensation rather than a thesis-changing move.

Insider Trade Summary

Exercise and Sale: 10,000 shares ($833K approx. pre-tax spread)

Exercise and Sale 9 txns

Insider KOCHEVAR KAREN

Role Director

Sold 10,000 shs ($900K)

Approx. gross sale proceeds $900K

Approx. exercise cost $67K

Approx. pre-tax spread $833K

Type	Security	Shares	Price	Value
Exercise	Stock Options (right to buy)	625	$0.00	$0.00
Exercise	Stock Options (right to buy)	1,875	$0.00	$0.00
Exercise	Stock Options (right to buy)	3,750	$0.00	$0.00
Exercise	Stock Options (right to buy)	3,750	$0.00	$0.00
Exercise	Common Stock	625	$2.94	$2K
Exercise	Common Stock	1,875	$3.12	$6K
Exercise	Common Stock	3,750	$6.25	$23K
Exercise	Common Stock	3,750	$9.58	$36K
Sale	Common Stock	10,000	$90.00	$900K

Holdings After Transaction: Stock Options (right to buy) — 8,750 shares (Direct); Common Stock — 3,074 shares (Direct)

Footnotes (1)

1. F1. All of the shares subject to this option are fully vested and exercisable as of the date hereof.

Key Figures

Shares sold: 10,000 shares Sale price: $90.00 per share Options exercised: 10,000 shares +3 more

6 metrics

Shares sold 10,000 shares Open-market sale of Common Stock at $90.00 on June 18, 2026

Sale price $90.00 per share Price for 10,000 Common Stock shares sold June 18, 2026

Options exercised 10,000 shares Total Common Stock from option exercises on June 18, 2026

Highest option strike $9.58 per share Exercise price for 3,750 underlying shares

Lowest option strike $2.94 per share Exercise price for 625 underlying shares

Shares held after sale 3,074 shares Direct Common Stock holdings following transactions

Key Terms

open-market sale, derivative exercise/conversion, Stock Options (right to buy), fully vested and exercisable

4 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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Stock Options (right to buy) financial

"security_title": "Stock Options (right to buy)""

fully vested and exercisable financial

"shares subject to this option are fully vested and exercisable"

FAQ

What insider transaction did CAVA (CAVA) director Karen Kochevar report?

Karen Kochevar reported exercising options for 10,000 CAVA shares and selling 10,000 shares. On 18 June 2026, she exercised multiple stock options, then executed an open-market sale of 10,000 Common Stock shares at $90.00 per share.

How many CAVA (CAVA) shares did Karen Kochevar sell and at what price?

She sold 10,000 CAVA Common Stock shares at $90.00 per share. The transaction was reported as an open-market sale, classified under code "S" on the Form 4, indicating a standard sale in the market or a private transaction.

What stock options did Karen Kochevar exercise in this CAVA (CAVA) filing?

She exercised stock options covering 10,000 CAVA shares at strike prices from $2.94 to $9.58. The options had exercise prices of $9.58, $6.25, $3.12, and $2.94 per share, all fully vested and exercisable as of the transaction date.

How many CAVA (CAVA) shares does Karen Kochevar hold after these transactions?

After the reported transactions, she directly holds 3,074 CAVA Common Stock shares. This post-transaction holding figure comes from the open-market sale entry, which lists total shares following the transaction as 3,074.

Were Karen Kochevar’s CAVA (CAVA) options fully vested before exercise?

Yes, the options exercised were fully vested and exercisable. A footnote in the filing states that all shares subject to the option were fully vested and exercisable as of the transaction date, supporting the timing of the exercises and related sale.

Does Karen Kochevar’s CAVA (CAVA) Form 4 show net buying or net selling?

The Form 4 shows a net-sell position of 10,000 shares. While she acquired 10,000 shares through option exercises, she also sold 10,000 shares in the market, and the transaction summary characterizes this as net selling overall.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 04:05 PM Accepted by SEC EDGAR 06/23/2026 - 04:04 PM Learn about SEC filing dates

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

X

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^*

KOCHEVAR KAREN

(Last) (First) (Middle)

C/O CAVA GROUP, INC.

14 RIDGE SQUARE NW, SUITE 500

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20016

(City) (State) (Zip)

UNITED STATES

(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)
06/18/2026

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

X	Form filed by One Reporting Person
	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	06/18/2026		M		625	A	$2.94	3,699	D
Common Stock	06/18/2026		M		1,875	A	$3.12	5,574	D
Common Stock	06/18/2026		M		3,750	A	$6.25	9,324	D
Common Stock	06/18/2026		M		3,750	A	$9.58	13,074	D
Common Stock	06/18/2026		S		10,000	D	$90	3,074	D

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
Stock Options (right to buy)	$2.94	06/18/2026		M			625	(1)	12/13/2029	Common Stock	625	$0	6,875	D
Stock Options (right to buy)	$3.12	06/18/2026		M			1,875	(1)	08/01/2030	Common Stock	1,875	$0	0	D
Stock Options (right to buy)	$6.25	06/18/2026		M			3,750	(1)	08/01/2031	Common Stock	3,750	$0	0	D
Stock Options (right to buy)	$9.58	06/18/2026		M			3,750	(1)	01/24/2033	Common Stock	3,750	$0	1,875	D

Explanation of Responses:

1. All of the shares subject to this option are fully vested and exercisable as of the date hereof.

Remarks:

	/s/ Amit Patel, as Attorney-in-Fact	06/23/2026
	** 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)