CAVA (CAVA) CFO reports mandatory RSU tax sell-to-cover stock sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAVA Group, Inc.’s Chief Financial Officer Tricia K. Tolivar reported mandatory sales of CAVA common stock on January 27, 2026 to cover taxes from vesting restricted stock units. She sold 1,591 shares at $61.96 and 813 shares at $62.50 through broker-run "sell to cover" transactions, which were executed for multiple employees and allocated on a pro rata basis.
After these sales, she directly beneficially owned 231,934 shares of CAVA common stock, which include unvested RSUs, and had an additional 2,500 shares reported as indirectly owned through her spouse. The filing notes the sales were not discretionary trading decisions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,404 shares ($149,391)
Net Sell
3 txns
Insider
Tolivar Tricia K.
Role
Chief Financial Officer
Sold
2,404 shs ($149K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,591 | $61.96 | $99K |
| Sale | Common Stock | 813 | $62.50 | $51K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 232,747 shares (Direct);
Common Stock — 2,500 shares (Indirect, By Spouse)
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 31,092 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 $61.40 to $62.39, 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 (the "SEC"), 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. The price reported in column 4 represents the weighted average price of 15,886 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 $62.40 to $62.72, 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 SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
FAQ
What insider stock transactions did CAVA (CAVA) report for its CFO?
CAVA’s Chief Financial Officer Tricia K. Tolivar reported selling 1,591 shares at $61.96 and 813 shares at $62.50 on January 27, 2026. These were mandatory sales to cover tax withholding from restricted stock unit vesting, not discretionary trading.
Why did the CAVA (CAVA) CFO’s Form 4 show stock sales on January 27, 2026?
The Form 4 explains the sales were required to cover tax withholding triggered by vesting restricted stock units. Under CAVA’s equity plans, these obligations are funded through broker “sell to cover” transactions rather than the executive choosing to sell shares voluntarily.
What prices were received for the CAVA (CAVA) CFO’s mandatory stock sales?
The Form 4 shows 1,591 shares sold at a weighted average price of $61.96 and 813 shares sold at a weighted average price of $62.50. Each weighted price reflects multiple broker transactions within disclosed intraday price ranges for employees’ tax-related sell-to-cover activity.
What does “sell to cover” mean in the CAVA (CAVA) CFO’s Form 4 filing?
“Sell to cover” refers to automatically selling enough shares to pay income and withholding taxes when restricted stock units vest. CAVA’s plans mandate this method, so a broker sells shares for multiple employees and allocates proceeds pro rata, rather than executives choosing open-market sales.