Xenohristos Theodoros 4

What Happened Xenohristos Theodoros, Chief Concept Officer and director of CAVA Group, sold 9,044 shares of CAVA on 2026-05-11 at a weighted average price of $79.75, generating proceeds of approximately $721,259. The sale was a mandatory "sell to cover" tied to the vesting of restricted stock units (RSUs), not a discretionary open-market trade.

Key Details

• Transaction date: 2026-05-11; Form 4 filed 2026-05-12 (timely).
• Shares sold: 9,044; weighted average price reported: $79.75; reported proceeds ≈ $721,259.
• Broker executed multiple sales totaling 13,804 shares for various employees at prices ranging $79.50–$80.16; reported price is the pro rata weighted average allocated to the reporting person.
• Reason: Mandatory sell-to-cover to satisfy tax withholding on RSU vesting (Footnotes F1 & F2). Includes unvested RSUs noted in filing (F3).
• Filing disclaimer: Reporting person disclaims beneficial ownership of indirectly owned securities except to extent of pecuniary interest.
• Shares owned after transaction: not specified in the provided filing details.

Context This sale was a non-discretionary tax-withholding transaction tied to RSU vesting (common executive paperwork), which differs from a voluntary sale that might signal a change in an insider's view. No indication in the filing that the sale was part of a trading plan (e.g., 10b5-1).