CAVA Chief Concept Officer Xenohristos Gifts 16,500 Shares

What Happened Xenohristos Theodoros, CAVA Group's Chief Concept Officer and a director, transferred (gifted) 16,500 shares of CAVA common stock to the "TX 2026 GRAT" on September 9, 2026. The reported transactions show 16,500 shares disposed and 16,500 shares acquired at $0.00, reflecting a transfer into the GRAT with no cash consideration.

Key Details

• Transaction date: 2026-09-09; Transaction code: G (Gift); Price reported: $0.00; Total cash value: $0.
• Shares transferred: 16,500 shares moved into the TX 2026 GRAT (grantor retained annuity trust).
• Footnotes: (F1) Reporting person is trustee of the GRAT; spouse and children are beneficiaries upon termination. (F2) Includes unvested restricted stock units. (F3) Shares are held in the GRAT. Reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing: Report filed 2026-09-11 for a 2026-09-09 transaction — appears filed within the usual two-business-day Form 4 timeframe (no late filing indicated).

Context Gifts into a GRAT are estate-planning moves and do not necessarily signal the insider's view of the company’s near-term prospects. Because the shares are held in a grantor retained annuity trust with family beneficiaries and the reporting person serves as trustee, beneficial ownership is reported as indirect and may be limited to any pecuniary interest the reporting person retains.