Costanza Kelly 4

What Happened Costanza Kelly, Chief People Officer of CAVA Group, reported the sale of 1,707 shares on 2026-01-27. The filing shows two sell transactions: 1,130 shares at $61.96 for $70,015 and 577 shares at $62.50 for $36,063, totaling roughly $106,078. These were sales (S) reported on Form 4.

Key Details

• Transaction dates: January 27, 2026; Form 4 filed January 29, 2026 (appears timely).
• Reported sales:
  • 1,130 shares @ $61.96 = $70,015
  • 577 shares @ $62.50 = $36,063
  • Total: 1,707 shares ≈ $106,078
• Nature of sale: Mandatory "sell-to-cover" to satisfy tax withholding on vested RSUs (Footnote F1). These were not discretionary trades by the reporting person.
• Price reporting: The prices reflect Kelly’s pro rata allocation of larger broker block sales among employees. One weighted average (for a larger block of 31,092 shares) covered prices $61.40–$62.39 (F2); the other (15,886 shares) covered $62.40–$62.72 (F4). The filing offers to provide a price breakdown on request.
• Holdings: The filing notes reported holdings include unvested RSUs (F3). The Form 4 does not state a total post-transaction share count in this extract.

Context

• These sell-to-cover transactions are routine tax-withholding events tied to RSU vesting and generally don’t indicate a voluntary decision to divest company stock. For retail investors, purchases by insiders are typically more informative of bullish sentiment; mandatory withholding sales are common and administrative in nature.