Tolivar Tricia K. 4
Research Summary
AI-generated summary
CAVA CFO Tricia Tolivar Sells Shares
What Happened
- Tricia K. Tolivar, Chief Financial Officer of CAVA Group, sold a total of 2,404 shares on January 27, 2026. She sold 1,591 shares at $61.96 (proceeds $98,578) and 813 shares at $62.50 (proceeds $50,813), totaling about $149,391.
- These were sales (not purchases) and were executed to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs), not discretionary open‑market trades.
Key Details
- Transaction dates and prices: 2026-01-27 — 1,591 shares @ $61.96 and 813 shares @ $62.50.
- Total proceeds reported: approximately $149,391.
- Shares owned after transaction: not specified on the provided Form 4 (footnote indicates holdings include unvested RSUs).
- Notable footnotes: sales were mandatory "sell-to-cover" transactions to satisfy RSU tax withholdings (F1). The reported prices reflect weighted averages from larger broker-aggregated sales executed at prices ranging $61.40–$62.39 and $62.40–$62.72; the filer can provide per‑price breakdown on request (F2, F4). F3 notes holdings include unvested RSUs. The filer disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing timeliness: Form filed 2026-01-29 for transactions on 2026-01-27 — appears timely (filed within standard Form 4 reporting window).
Context
- These sales were tax‑related (sell‑to‑cover) and are generally considered routine administrative transactions rather than signals of the insider’s view on company stock. They do not indicate an open‑market discretionary sale or purchase decision.