CAVA insider sells shares to cover RSU taxes
CAVA GROUP, INC. director and Chief Concept Officer Xenohristos Theodoros reported an insider transaction involving company common stock.
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Form Type
4
Rhea-AI Filing Summary
CAVA GROUP, INC. director and Chief Concept Officer Xenohristos Theodoros reported an insider transaction involving company common stock. On June 15, 2026, he sold 3,252 shares at a weighted average price of $89.43 per share. Footnotes explain these shares were sold under a mandatory “sell to cover” arrangement to satisfy tax withholding triggered by vesting restricted stock units, meaning the trades were not discretionary. Following the sale, he beneficially owns 324,630 shares directly and 16,000 shares indirectly through a trust, with the reported holdings including unvested RSUs.
Insider Trade Summary
Net Seller: 3,252 shares
Net Sell
2 txns
Insider
Xenohristos Theodoros
Role
Chief Concept Officer
Sold
3,252 shs ($291K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,252 | $89.43 | $291K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 324,630 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 69,803 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 $89.00 to $89.87, 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: 3,252 shares
Sale price: $89.43 per share
Direct holdings after sale: 324,630 shares
+3 more
6 metrics
Shares sold
3,252 shares
Open-market sale on June 15, 2026
Sale price
$89.43 per share
Weighted average price for the reporting person’s sale
Direct holdings after sale
324,630 shares
Common stock held directly following the transaction
Indirect holdings by trust
16,000 shares
Common stock held indirectly by trust after transaction
Aggregate employee sales
69,803 shares
Total shares sold by broker for multiple employees in RSU tax trades
Price range of sales
$89.00–$89.87
Range of sale prices for broker’s multiple transactions
Key Terms
restricted stock units ("RSUs"), sell to cover, weighted average price, equity incentive plans, +1 more
5 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 69,803 shares of Common Stock sold"
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.
beneficially owns financial
"The proceeds of all such sales were allocated to the employees, including the Reporting Person"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CAVA (CAVA) report for Xenohristos Theodoros?
CAVA reported that director and Chief Concept Officer Xenohristos Theodoros sold 3,252 shares of common stock at a weighted average price of $89.43 on June 15, 2026. The sale was executed to cover tax withholding on vesting restricted stock units.
Was the recent CAVA (CAVA) insider stock sale discretionary?
The sale was not discretionary. Footnotes state the 3,252 shares were sold under a mandatory “sell to cover” arrangement to satisfy tax withholding obligations arising from vesting RSUs under CAVA’s equity incentive plans, rather than as a voluntary open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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