Form 4: Cava Group CLO Kenneth Robert Bertram Reports Stock Sales to Cover Tax Obligations

Kenneth Robert Bertram, CLO & Secretary of Cava Group, Inc., reported selling shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On January 21, 2025, Kenneth Robert Bertram, CLO & Secretary of Cava Group, Inc., sold 757 shares of common stock at a weighted average price of $119.01 to cover tax withholding obligations related to the vesting of restricted stock units.
• He also sold 201 shares at a weighted average price of $119.8.
• Following these transactions, Bertram directly owns 57,990 shares of common stock, including unvested RSUs.
• Additionally, he indirectly owns 1,500 shares through his spouse and 195 shares through his daughter.
• The sales were mandated by Cava Group's equity incentive plans to cover tax withholding obligations and do not represent discretionary trades.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock sales to cover tax obligations, which is a common practice.

Management Comments

• The reporting person states that this filing shall not be an admission that the reporting person is the beneficial owner of any of the securities reported herein as indirectly owned, and the reporting person disclaims beneficial ownership of such securities except to the extent of the reporting person's pecuniary interest therein.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The stock sales could have a minor dilutive effect on existing shareholders, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, insider trading, stock sales, CAVA, Cava Group, Kenneth Robert Bertram, restricted stock units, tax withholding, equity incentive plans