Bertram Kenneth Robert 4
Research Summary
AI-generated summary
CAVA CLO & Secretary Bertram Kenneth Robert Sells 15,000 Shares
What Happened
- Bertram Kenneth Robert, Chief Legal Officer (CLO) and Secretary of CAVA Group, sold 15,000 shares in open-market transactions on March 5, 2026. The reported weighted-average price was $80.33, for total proceeds of approximately $1,204,950. This was a sale (disposition), which is often routine insider selling and does not by itself indicate company outlook.
Key Details
- Transaction date: March 5, 2026 (reported on Form 4 filed March 6, 2026).
- Action/type: Open-market sale (Code S).
- Price: Weighted-average $80.33; trades occurred in a range of $80.00 to $80.83 (footnote F1 provides the range and offers to supply a per-price breakdown on request).
- Proceeds: Approximately $1,204,950.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 notes the weighted-average price and per-price breakdown availability; F2 indicates reported holdings include unvested restricted stock units.
- Timeliness: Filing appears timely (transaction 3/5/2026; Form 4 filed 3/6/2026).
- Disclaimer: The filer disclaims beneficial ownership of certain indirectly owned securities except to the extent of pecuniary interest (per remarks).
Context
- This was an open-market sale (not an option exercise, gift, or award). Sales can be routine liquidity events; purchases generally carry more weight as signals of insider conviction. No indication in the filing that this sale was part of a 10b5-1 plan or a cashless exercise.