CAVA (NYSE: CAVA) officer sells 965 shares in mandatory tax trade
Rhea-AI Filing Summary
CAVA Group, Inc. director and Chief Concept Officer Xenohristos Theodoros reported an automatic sale of company stock related to equity compensation. On January 21, 2026, a total of 965 shares of CAVA common stock were sold at a weighted average price of $67.41 per share to cover tax withholding obligations from the vesting of restricted stock units. The filing explains these were mandatory “sell to cover” transactions under the company’s equity incentive plans and were not discretionary trades. The weighted average price reflects a broker sale of 52,702 shares for multiple employees, with proceeds allocated pro rata. Following this transaction, Theodoros beneficially owns 333,244 shares of common stock directly, which includes unvested RSUs, and 16,000 shares indirectly through a trust, for which he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 965 | $67.41 | $65K |
| 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.