CAVA CAO sells shares after option exercise
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
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
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Phillips Adam David
Role
Chief Accounting Officer
Sold
4,664 shs ($423K)
Approx. gross sale proceeds
$423K
Approx. exercise cost
$61K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 2,764 | $0.00 | $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 contracts (Direct);
Common Stock — 7,605 shares (Direct)
Footnotes (3)
- F1. Includes unvested restricted stock units.
- F2. 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.
- F3. 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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
