Phillips Adam David 4

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.