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CAVA Executive Shows Confidence with Latest Stock Purchase at 15% Discount

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CAVA Group Chief Accounting Officer Adam David Phillips reported the acquisition of 146 shares of common stock at $63.38 per share through the company's Employee Stock Purchase Plan (ESPP) on June 16, 2025. The purchase price represents 85% of the closing price on June 13, 2025, as per ESPP terms.

Following this transaction, Phillips beneficially owns 11,209 shares directly, which includes unvested restricted stock units. The shares were acquired under Rule 16b-3 exempt transactions for the ESPP purchase period spanning December 16, 2024, through June 15, 2025.

Key Transaction Details:

  • Transaction Type: ESPP Purchase
  • Share Price: $63.38 (15% discount to market)
  • Ownership: Direct
  • Filing Date: June 28, 2025

Positive

  • None.

Negative

  • None.
Insider Phillips Adam David
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Common Stock 146 $63.38 $9K
Holdings After Transaction: Common Stock — 11,209 shares (Direct)
Footnotes (1)
  1. Shares purchased pursuant to the CAVA Group, Inc. 2023 Employee Stock Purchase Plan ("ESPP") in transactions that were exempt under Rule 16b-3, for the ESPP purchase period of December 16, 2024 through June 15, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on June 13, 2025. Includes unvested restricted stock units.
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*
Phillips Adam David
(Last) (First) (Middle)
C/O CAVA GROUP, INC.
14 RIDGE SQUARE NW, SUITE 500
(Street)
WASHINGTON DC 20016
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CAVA GROUP, INC. [ CAVA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 06/16/2025 A(1) V 146 A $63.38(2) 11,209(3) 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
Explanation of Responses:
1. Shares purchased pursuant to the CAVA Group, Inc. 2023 Employee Stock Purchase Plan ("ESPP") in transactions that were exempt under Rule 16b-3, for the ESPP purchase period of December 16, 2024 through June 15, 2025.
2. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on June 13, 2025.
3. Includes unvested restricted stock units.
Remarks:
/s/ Kenneth Robert Bertram, as Attorney-in-Fact 06/26/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many CAVA shares did CAO Adam Phillips purchase in June 2025?

According to the Form 4 filing, CAVA's Chief Accounting Officer Adam Phillips purchased 146 shares of common stock on June 16, 2025 through the company's Employee Stock Purchase Plan (ESPP).

What was the purchase price for CAVA stock under the ESPP in June 2025?

The shares were purchased at $63.38 per share, which represents 85% of CAVA's closing stock price on June 13, 2025, as per the ESPP terms.

How many CAVA shares does Adam Phillips own after the June 2025 purchase?

Following the reported transaction, Adam Phillips beneficially owns 11,209 shares of CAVA stock, which includes unvested restricted stock units. The ownership is listed as Direct (D).

What type of stock purchase plan did CAVA's CAO use to acquire shares?

The shares were purchased through the CAVA Group, Inc. 2023 Employee Stock Purchase Plan (ESPP) during the purchase period from December 16, 2024 through June 15, 2025. The transaction was exempt under Rule 16b-3.