CAVA Group (NYSE: CAVA) grants director 1,881 RSUs equity award
Rhea-AI Filing Summary
SHAICH RONALD M reported acquisition or exercise transactions in this Form 4 filing.
CAVA Group director Ronald M. Shaich reported an equity award and his current holdings. He received 1,881 restricted stock units (RSUs) that vest in full on the earlier of June 22, 2027 or the business day before CAVA’s next annual stockholder meeting, subject to his continued service. Each RSU represents one share of CAVA common stock upon settlement. Following this grant, he holds 9,955 shares directly, including unvested RSUs, and has additional indirect holdings through Act III Holdings, LLC, Cava Act III, LLC, and Cava Act III Trust, LLC, while disclaiming beneficial ownership except for his pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,881 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (6)
- F1. Reflects a grant of restricted stock units ("RSUs"), which vest in full on the earlier of (i) June 22, 2027 and (ii) the business day before the date of the next annual meeting of the stockholders of CAVA Group Inc. (the "Issuer"), subject to the reporting person's continued service through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share upon settlement.
- F2. Includes unvested RSUs.
- F3. Cava Act III Trust, LLC is managed by an independent manager appointed by the reporting person and Cava Act III, LLC is managed by Act III Management, LLC, which is controlled by the reporting person. Act III Holdings, LLC is the controlling holder of each of Cava Act III, LLC and Cava Act III Trust, LLC. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest in Cava Act III, LLC and Act III Holdings, LLC. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the reporting person is the beneficial owner of any securities reported herein.
- F4. Represents Common Stock held by Cava Act III Trust, LLC.
- F5. Represents Common Stock held by Cava Act III, LLC.
- F6. Represents Common Stock held by Act III Holdings, LLC.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
pecuniary interest financial
beneficial ownership regulatory
Section 16 of the Securities Exchange Act of 1934 regulatory
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