Bertram Kenneth Robert 4
4 · CAVA GROUP, INC. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
CAVA (CAVA) CLO Kenneth Bertram Sells 994 Shares
What Happened
Kenneth Bertram, Chief Legal Officer & Secretary of CAVA Group, sold a total of 994 shares on Jan 27, 2026 in two transactions: 658 shares at $61.96 for $40,770 and 336 shares at $62.50 for $21,000, for aggregate proceeds of ~$61,770. These sales were reported as open-market (code S) transactions but were executed to satisfy tax withholding on vested restricted stock units (RSUs), not discretionary stock sales.
Key Details
- Transaction dates: Jan 27, 2026; Form 4 filed Jan 29, 2026 (appears to be timely).
- Reported sales:
- 658 shares @ $61.96 = $40,770
- 336 shares @ $62.50 = $21,000
- Footnotes:
- F1: Sales were mandatory "sell-to-cover" to satisfy tax withholding on RSU vesting — not discretionary trades.
- F2/F4: Reported prices are weighted averages from broker-aggregated sell-to-cover executions allocated pro rata across employees. F2 covers pooled sales (31,092 shares) at prices from $61.40–$62.39; F4 covers pooled sales (15,886 shares) at $62.40–$62.72. The filer can provide per-price breakdowns on request.
- F3: Holdings include unvested RSUs.
- Shares owned after transaction: Not specified in the Form 4.
- Additional remark: The reporting person disclaims beneficial ownership of indirectly owned securities except to the extent of any pecuniary interest.
Context
Sell-to-cover transactions are routine tax-withholding events tied to RSU vesting and generally do not signal insider sentiment about the company. The reported prices reflect weighted averages from pooled broker sales; the filer offers to provide detailed per-price allocations on request.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-01-27$61.96/sh−658$40,770→ 49,458 total - Sale
Common Stock
[F1][F4][F3]2026-01-27$62.50/sh−336$21,000→ 49,122 total
- 1,500(indirect: By Spouse)
Common Stock
- 195(indirect: By Daughter)
Common Stock
Footnotes (4)
- [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 31,092 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 $61.40 to $62.39, 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 (the "SEC"), 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.
- [F4]The price reported in column 4 represents the weighted average price of 15,886 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 $62.40 to $62.72, 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 SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.