Schulman Brett 4

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.