Form 4: Cava Group Director Ronald Shaich Sells Shares Following In-Kind Distribution

Ronald Shaich, a director of Cava Group, sold shares of common stock following an in-kind distribution from Cava Act III, LLC.

Summary

• On June 5, 2024, Ronald Shaich, a director of Cava Group, Inc., sold shares of common stock.
• The sales were related to an in-kind distribution of common stock from Cava Act III, LLC to its members.
• Mr. Shaich sold 1,231,979 shares at a price of $87.25.
• Additionally, 5,000 shares were sold, and the balance reflects the in-kind distribution.
• The shares are held directly and indirectly through various entities including SC 2018 Trust LLC, SGC Trust LLC, Cava Act III, LLC, Cava Act III Trust, LLC, and Act III Holdings, LLC.
• Mr. Shaich disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Mr. Shaich disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
• The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, Mr. Shaich the beneficial owner of any securities reported herein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates