CAVA GROUP, INC.·4

Jan 29, 4:10 PM ET

Bertram Kenneth Robert 4

Research Summary

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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.