Tolivar Tricia K. 4
4 · CAVA GROUP, INC. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
CAVA CFO Tricia Tolivar Sells 4,969 Shares (Sell-to-Cover)
What Happened
Tricia K. Tolivar, Chief Financial Officer of CAVA Group, Inc. (CAVA), had two related transactions on June 15, 2026. She disposed of 4,969 shares in a mandatory "sell-to-cover" transaction at a weighted-average price of $89.43, generating proceeds of $444,378. At the same time she was credited with 283 shares (RSU award/acquisition) at $44.13 per share, valued at $12,489. The sale was to satisfy tax withholding obligations tied to the vesting of restricted stock units and was not a discretionary sale.
Key Details
- Transaction dates: June 15, 2026 (reported on Form 4 filed June 17, 2026). Filing appears timely (within the usual 2-business-day Form 4 window).
- Sale: 4,969 shares disposed; weighted-average price reported $89.43; proceeds $444,378. (Footnote: price is a weighted average from broker sales of 69,803 shares across $89.00–$89.87; proceeds were allocated pro rata.)
- Award/Acquisition: 283 shares acquired (RSUs) at $44.13; value $12,489. Footnote indicates these include unvested RSUs.
- Shares owned after transaction: Not specified on the excerpted filing; the reporting person disclaims beneficial ownership of indirectly owned securities except to the extent of pecuniary interest.
- Notable footnotes: F1 — sale was mandatory to cover tax withholding (sell-to-cover), not a discretionary trade. F2 — reported sale price is a weighted average across multiple employees’ sell-to-cover transactions. F3 — includes unvested RSUs.
Context
- This is a routine sell-to-cover tied to RSU vesting (a tax-withholding mechanism), which is different from an executive-initiated open-market sale.
- The net effect: Tolivar received RSU shares (some unvested) and a portion of vested shares were sold by the broker to satisfy tax obligations.
- No indication of option exercises, gifts, or 10% ownership change in this filing.
Insider Transaction Report
Form 4
CAVA GROUP, INC.CAVA
Tolivar Tricia K.
Chief Financial Officer
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-06-15$89.43/sh−4,969$444,378→ 234,931 total - Award
Common Stock
[F4][F5][F3]2026-06-15$44.13/sh+283$12,489→ 235,214 total
Holdings
- 2,500(indirect: By Spouse)
Common Stock
Footnotes (5)
- [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.
- [F4]Shares purchased pursuant to the CAVA Group, Inc. 2023 Employee Stock Purchase Plan ("ESPP") in transactions that were exempt under Rule 16b-3, for the ESPP purchase period of December 15, 2025 through June 14, 2026.
- [F5]In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the Issuer's common stock on December 15, 2025.
Signature
/s/ Amit Patel, as Attorney-in-Fact|2026-06-17