CAVA (CAVA) CAO sells 4,664 shares and exercises options

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

CAVA GROUP, INC. Chief Accounting Officer Adam David Phillips reported mixed insider transactions in Common Stock. On June 12, 2026, he exercised stock options to acquire 2,764 shares at $22.00 per share, then executed open-market sales totaling 4,664 shares at a weighted average price of $90.71 per share. Following these transactions, he directly holds 7,605 shares of Common Stock, which the disclosure notes include unvested restricted stock units, and 5,529 stock options remaining exercisable through June 14, 2033.

Insider Trade Summary

Net Seller: 4,664 shares ($423,071)

Net Sell 4 txns

Insider Phillips Adam David

Role Chief Accounting Officer

Sold 4,664 shs ($423K)

Type	Security	Shares	Price	Value
Exercise	Stock Options (right to buy)	2,764	$0.00	--
Exercise	Common Stock	2,764	$22.00	$61K
Sale	Common Stock	2,764	$90.71	$251K
Sale	Common Stock	1,900	$90.71	$172K

Holdings After Transaction: Stock Options (right to buy) — 5,529 shares (Direct, null); Common Stock — 12,269 shares (Direct, null)

Footnotes (1)

Includes unvested restricted stock units. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.6901 to $90.7901, inclusive. 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. Options granted on June 14, 2023 vest in four equal annual installments commencing on June 14, 2024.

Key Figures

Shares sold: 4,664 shares Weighted average sale price: $90.71 per share Options exercised: 2,764 shares at $22.00 +3 more

6 metrics

Shares sold 4,664 shares Open-market sales on June 12, 2026

Weighted average sale price $90.71 per share Common Stock open-market transactions

Options exercised 2,764 shares at $22.00 Stock option exercise on June 12, 2026

Common shares held after 7,605 shares Direct holdings following transactions

Options remaining after 5,529 options Stock options expiring June 14, 2033

Net share change -4,664 shares Net of sales versus exercises

Key Terms

open-market sale, Stock Options (right to buy), restricted stock units, weighted average price, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for Common Stock transactions"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Stock Options (right to buy) financial

"security_title: "Stock Options (right to buy)" in derivative entry"

restricted stock units financial

"footnote: "Includes unvested restricted stock units.""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average price financial

"footnote: "The price reported in column 4 is a weighted average price.""

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.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" for option exercise"

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Form 4 Insider Transactions: What Each Field Means →

06/15/2026 - 04:00 PM

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

DISTRICT OF COLUMBIA

20016

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/12/2026		M		2,764	A	$22	12,269⁽¹⁾	D
Common Stock	06/12/2026		S		2,764	D	$90.71⁽²⁾	9,505⁽¹⁾	D
Common Stock	06/12/2026		S		1,900	D	$90.71⁽²⁾	7,605⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (right to buy)	$22	06/12/2026		M			2,764	⁽³⁾	06/14/2033	Common Stock	2,764	$0	5,529	D

Explanation of Responses:

1. Includes unvested restricted stock units.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.6901 to $90.7901, inclusive. 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.

3. Options granted on June 14, 2023 vest in four equal annual installments commencing on June 14, 2024.

Remarks:

	/s/ Amit Patel, as Attorney-in-Fact	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CAVA (CAVA) report for Adam David Phillips?

CAVA’s Chief Accounting Officer Adam David Phillips exercised options for 2,764 shares at $22.00 and sold 4,664 Common Stock shares in open-market trades at a weighted average price of $90.71, all on June 12, 2026.

How many CAVA (CAVA) shares did the CAO sell and at what price?

Adam David Phillips sold 4,664 shares of CAVA Common Stock in open-market transactions at a weighted average price of $90.71 per share, with individual trades executed between $90.6901 and $90.7901 according to the disclosure.

What stock options did the CAVA (CAVA) CAO exercise in this Form 4?

Phillips exercised stock options covering 2,764 CAVA Common Stock shares at an exercise price of $22.00 per share. These options were originally granted on June 14, 2023 and vest in four equal annual installments starting June 14, 2024.

What are Adam David Phillips’ CAVA (CAVA) holdings after these transactions?

After the reported transactions, Phillips directly holds 7,605 CAVA Common Stock shares, which include unvested restricted stock units, and 5,529 remaining stock options that are scheduled to expire on June 14, 2033 under the grant terms.

Were the CAVA (CAVA) insider sales executed as open-market trades?

Yes. The Form 4 classifies both stock sale transactions by Adam David Phillips as open-market sales of CAVA Common Stock, with the price disclosed as a weighted average across multiple trades within a narrow intraday range.