Phillips Adam David 4

What Happened
Adam Phillips, Chief Accounting Officer of CAVA Group, sold 2,000 shares in an open-market transaction on 2026-02-26 at $85.54 per share, generating $171,080. On the same date he was also granted 1,070 restricted stock units (RSUs) with a $0 acquisition price; each RSU represents the right to one share upon settlement. The sale was a disposition; the RSUs are unvested and contingent on continued service.

Key Details

• Transactions reported: 2026-02-26 (filed 2026-03-02). Filing appears timely.
• Sale (S): 2,000 shares disposed at $85.54 each — total proceeds $171,080.
• Award/Grant (A): 1,070 RSUs granted at $0.00 (contingent rights to common stock).
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1: RSUs vest in three equal annual installments starting January 24, 2027, subject to continued service; each RSU converts to one share upon settlement.
  • F2: Reported holding totals include unvested RSUs.

Context
The open-market sale provided immediate cash proceeds; such sales by insiders can be routine (e.g., for diversification or tax needs) and are not by themselves a clear signal of company outlook. The RSU grant is a typical form of equity compensation that vests over time, aligning the executive’s interests with long-term performance.