Xenohristos Theodoros 4
4 · CAVA GROUP, INC. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
CAVA Chief Concept Officer Xenohristos Sells 3,252 Shares
What Happened
Xenohristos Theodoros, Chief Concept Officer and director of CAVA Group, sold 3,252 shares of CAVA common stock on 2026-06-15 at a weighted average price of $89.43 per share, generating approximately $290,826. The sale was a mandatory "sell-to-cover" transaction to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), not a discretionary open-market trade.
Key Details
- Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (timely filing).
- Transaction type/code: Sale (S); sale executed to cover tax withholding for RSU vesting (footnote F1/F2).
- Reported quantity and value: 3,252 shares sold at a $89.43 weighted average price; proceeds ≈ $290,826.
- Price detail: Weighted average reflects allocation from a larger block of 69,803 shares sold by the broker at prices ranging $89.00–$89.87; reporting person may provide per-price breakdown on request (footnote F2).
- Shares owned after transaction: Not specified in the provided report.
- Other notes: Footnote F3 indicates the holding includes unvested RSUs. The filer disclaims beneficial ownership of indirectly owned securities except to the extent of pecuniary interest.
Context
"Sell-to-cover" sales are routine administrative transactions to satisfy tax obligations when RSUs vest and typically do not indicate insider sentiment about the company. This filing documents such a withholding sale rather than a voluntary sell for investment reasons.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-06-15$89.43/sh−3,252$290,826→ 324,630 total
- 16,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [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 69,803 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 $89.00 to $89.87, 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, 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.