Phillips Adam David 4
4 · CAVA GROUP, INC. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
CAVA Chief Accounting Officer Adam D. Phillips Sells 774 Shares
What Happened
- Adam D. Phillips, Chief Accounting Officer of CAVA Group, sold a total of 774 shares (512 shares at $61.96 and 262 shares at $62.50) on Jan 27, 2026, generating roughly $48,099 in proceeds. These were sales (not purchases) and were executed to satisfy tax withholding on vested RSUs.
Key Details
- Transaction dates: 2026-01-27; Report filed: 2026-01-29 (filed within the typical 2-business-day window).
- Reported sales: 512 shares @ $61.96 ($31,724) and 262 shares @ $62.50 ($16,375); total ≈ $48,099.
- Footnotes: Sales were mandatory "sell to cover" transactions to satisfy tax withholding on RSU vesting (not discretionary trades by the insider) (F1, F3, F4). Reported prices reflect the insider’s pro rata allocation of larger block sales executed by a broker; the broker sold shares in multiple trades across price ranges (F2, F4). The reporting person can provide a breakdown of shares sold at each price on request.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
- These were routine sell-to-cover transactions tied to RSU vesting and are commonly administrative (to cover taxes), so they generally do not signal a change in the insider’s view of the company.
Insider Transaction Report
Form 4
CAVA GROUP, INC.CAVA
Phillips Adam David
Chief Accounting Officer
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-01-27$61.96/sh−512$31,724→ 10,697 total - Sale
Common Stock
[F1][F4][F3]2026-01-27$62.50/sh−262$16,375→ 10,435 total
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.
Signature
/s/ Amit Patel, as Attorney-in-Fact|2026-01-29