Schulman Brett 4
4 · CAVA GROUP, INC. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
CAVA CEO Brett Schulman Sells 33,174 Shares
What Happened
Brett Schulman, CEO, President and director of CAVA Group, sold 33,174 shares of CAVA common stock on June 15, 2026. The reporting form shows a weighted average price of $89.43 for the Reporting Person’s allocation, resulting in proceeds of approximately $2,966,751. The sale is reported as a disposal (code S) and was done to satisfy tax withholding tied to the vesting of restricted stock units (RSUs), not as a discretionary open-market trade.
Key Details
- Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (timely filing).
- Price: $89.43 weighted average for Schulman’s allocated shares; broker sold 69,803 shares across prices ranging $89.00–$89.87 and allocated proceeds pro rata (footnote F2).
- Shares sold by Schulman: 33,174; proceeds ≈ $2,966,751.
- Reason: Mandatory sell-to-cover to satisfy tax withholding on vested RSUs (footnote F1).
- Shares owned after transaction: Not specified in this filing; filing notes inclusion of unvested RSUs (footnote F3).
- Other notes: Reporting person disclaims beneficial ownership of indirectly held securities except to extent of pecuniary interest; Reporting Person can provide a price-by-price breakdown on request (per F2).
Context
A “sell-to-cover” is a common administrative transaction when RSUs vest: enough shares are sold to pay required taxes and the remaining shares are retained by the insider. These transactions are typically routine tax-withholding events and should not be read as a directional signal about the insider’s view of the company. Purchases by insiders generally carry more weight for assessing insider sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-06-15$89.43/sh−33,174$2,966,751→ 798,669 total
- 57,495(indirect: By Spouse)
Common Stock
- 682,710(indirect: By LLC)
Common Stock
- 150(indirect: By Daughter)
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.