Form 4: Cava Group CLO Kenneth Robert Bertram Reports Tax Withholding Share Transaction

Kenneth Robert Bertram, CLO & Secretary of Cava Group, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to the settlement of restricted stock units.

Summary

• On September 27, 2024, Kenneth Robert Bertram, the CLO & Secretary of Cava Group, Inc., had 3,525 shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations related to the net settlement of restricted stock units (RSUs).
• The price per share for the tax withholding was $123.76.
• Following the transaction, Bertram directly owns 63,841 shares of Common Stock, which includes unvested RSUs.
• Bertram also indirectly owns 1,500 shares through his spouse and 195 shares through his daughter.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.

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 alignment of interests.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal tax obligations of a company officer.

Key Dates