Schulman Brett 4
4 · CAVA GROUP, INC. · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
CAVA CEO Brett Schulman Sells Shares
What Happened
Brett Schulman, CEO, President and director of CAVA Group, sold a total of 4,542 shares in two open-market transactions on January 27, 2026: 3,006 shares at $61.96 ($186,252) and 1,536 shares at $62.50 ($96,000), totaling roughly $282,252. According to the filing, these sales were mandatory "sell-to-cover" transactions to satisfy tax-withholding obligations on vested restricted stock units (RSUs) and were not discretionary trades by the reporting person.
Key Details
- Transaction date: 2026-01-27 (reported on Form 4 filed 2026-01-29). Filing appears timely.
- Individual trades: 3,006 shares @ $61.96 = $186,252; 1,536 shares @ $62.50 = $96,000. Total ≈ $282,252.
- The filing notes these sales were part of broker-aggregated sell-to-cover blocks: one weighted-average block covering 31,092 shares sold at $61.40–$62.39 and another weighted-average block covering 15,886 shares sold at $62.40–$62.72; proceeds were allocated pro rata to employees (including the reporting person). The reporting person can provide a breakdown of shares sold at each separate price upon request.
- Shares owned after the transactions: not specified in the reported items; the filing notes inclusion of unvested RSUs.
- Footnotes: F1—sales were to cover tax withholding (not discretionary); F3—some holdings include unvested RSUs; F2/F4—explain weighted-average pricing and allocation.
- Remark: the reporting person disclaims beneficial ownership of certain indirectly owned securities except to the extent of a pecuniary interest.
Context
Sell-to-cover transactions are routine, tax-driven sales when RSUs vest and generally don’t signal a change in an insider’s view of the company. For retail investors, outright purchases by insiders tend to be more informative about sentiment than tax-mandated sales. If you need precise per-share breakdowns within the reported price ranges, the filing indicates the reporting person will provide that detail to the company, shareholders, or the SEC upon request.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-01-27$61.96/sh−3,006$186,252→ 804,319 total - Sale
Common Stock
[F1][F4][F3]2026-01-27$62.50/sh−1,536$96,000→ 802,783 total
- 57,495(indirect: By Spouse)
Common Stock
- 682,710(indirect: By LLC)
Common Stock
- 150(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.