4//SEC Filing
SHAICH RONALD M 4
Accession 0001628280-24-050762
CIK 0001639438other
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 4:02 PM ET
Size
14.3 KB
Accession
0001628280-24-050762
Insider Transaction Report
Form 4
CAVA GROUP, INC.CAVA
SHAICH RONALD M
Director
Transactions
- Other
Common Stock
2024-12-09+170,000→ 253,306 total(indirect: By LLC) - Other
Common Stock
2024-12-09−1,670,000→ 2,901,265 total(indirect: By Trust) - Sale
Common Stock
2024-12-09$149.40/sh−622,549$93,008,821→ 6,307 total - Sale
Common Stock
2024-12-09$149.40/sh−365,089$54,544,297→ 0 total(indirect: By Trust) - Sale
Common Stock
2024-12-09$149.40/sh−379,583$56,709,700→ 0 total(indirect: By Trust)
Holdings
- 1,374,328(indirect: By LLC)
Common Stock
Footnotes (8)
- [F1]On December 9, 2024, Cava Act III Trust, LLC initiated a pro-rata in-kind distribution of 1,670,000 shares of common stock, par value $0.001 ("Common Stock") of Cava Group, Inc. (the "Issuer") to its respective members (the "in-kind distribution"), including the distribution of an aggregate of 1,537,221 shares of Common Stock to the reporting person, SC 2018 Trust LLC, SGC Trust LLC and Act III Holdings, LLC, the receipt of which was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. Act III Holdings, LLC is the controlling holder of Cava Act III Trust, LLC and is controlled by the reporting person. The reporting person serves as the investment manager with sole investment control of both SC 2018 Trust LLC and SGC Trust LLC.
- [F2]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.
- [F3]Represents Common Stock held by Cava Act III Trust, LLC.
- [F4]The reported transactions represent the sale of an aggregate of 1,367,221 shares of Common Stock received by the reporting person, SC 2018 Trust LLC and SGC Trust LLC in connection with the in-kind distribution, including the sale of (1) 622,549 shares of Common Stock by the reporting person, (2) 365,089 shares of Common Stock by SC 2018 Trust LLC and (3) 379,583 shares of Common Stock by SGC Trust LLC.
- [F5]Includes unvested restricted stock units.
- [F6]Represents the distribution of Common Stock to Act III Holdings, LLC in the in-kind distribution described in footnote (1) above.
- [F7]Represents Common Stock held by Act III Holdings, LLC.
- [F8]Represents Common Stock held by Cava Act III, LLC.
Documents
Issuer
CAVA GROUP, INC.
CIK 0001639438
Entity typeother
Related Parties
1- filerCIK 0001034193
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 4:02 PM ET
- Size
- 14.3 KB