CAVA executive sells shares to cover RSU taxes
CAVA GROUP, INC. director and Chief Concept Officer Theodoros Xenohristos reported an open-market sale of 9,044 shares of Common Stock at a weighted average price of $79.75 per share.
Rhea-AI Filing Summary
CAVA GROUP, INC. director and Chief Concept Officer Theodoros Xenohristos reported an open-market sale of 9,044 shares of Common Stock at a weighted average price of $79.75 per share. According to the disclosure, these shares were sold to cover tax withholding obligations tied to the vesting of restricted stock units and were mandated under the company’s equity incentive plans, rather than being discretionary trades.
After the transaction, he holds 327,882 shares of Common Stock directly and 16,000 shares indirectly through a trust, which includes unvested RSUs.
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Insider Trade Summary
Net Seller: 9,044 shares
Net Sell
2 txns
Insider
Xenohristos Theodoros
Role
Chief Concept Officer
Sold
9,044 shs ($721K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,044 | $79.75 | $721K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 327,882 shares (Direct);
Common Stock — 16,000 shares (Indirect, By Trust)
Footnotes (3)
- F1. 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.
- F2. The price reported in column 4 represents the weighted average price of 13,804 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 $79.50 to $80.16, 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.
- F3. Includes unvested RSUs.
Key Figures
Shares sold: 9,044 shares
Weighted average sale price: $79.75 per share
Direct holdings after transaction: 327,882 shares
+3 more
6 metrics
Shares sold
9,044 shares
Open-market sale on 2026-05-11 to cover RSU taxes
Weighted average sale price
$79.75 per share
CAVA Common Stock, tax-related sale
Direct holdings after transaction
327,882 shares
CAVA Common Stock held directly after 2026-05-11 sale
Indirect holdings via trust
16,000 shares
CAVA Common Stock, includes unvested RSUs
Broker total RSU-related sales
13,804 shares
Sold on behalf of employees in mandatory sell-to-cover
Sale price range
$79.50–$80.16 per share
Price range for broker’s multiple transactions
Key Terms
restricted stock units ("RSUs"), sell to cover, weighted average price, equity incentive plans
4 terms
restricted stock units ("RSUs") financial
"tax withholding obligations in connection with the vesting of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
sell to cover financial
"funded by a "sell to cover" transaction and do not represent discretionary trades"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in column 4 represents the weighted average price of 13,804 shares"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CAVA (CAVA) report for Theodoros Xenohristos?
CAVA reported that director and Chief Concept Officer Theodoros Xenohristos sold 9,044 shares of Common Stock. The sale was reported as an open-market transaction and is linked to tax withholding obligations from vesting restricted stock units.
What does “sell to cover” mean in the context of the CAVA (CAVA) Form 4?
In this CAVA filing, “sell to cover” refers to automatic share sales used to pay tax withholding on vesting restricted stock units. The company’s equity incentive plans require these mandated transactions, so they do not represent discretionary buying or selling decisions by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
