Form 4: CAVA Officer Sells Shares for Tax Obligations

CAVA Group's Chief Accounting Officer, Adam David Phillips, sold shares to cover tax withholding obligations related to RSU vesting.

Summary

• Adam David Phillips, Chief Accounting Officer of CAVA GROUP, INC., reported two transactions involving the sale of common stock.
• On January 27, 2026, Phillips sold 512 shares of common stock at a weighted average price of $61.96 per share.
• On the same date, Phillips sold an additional 262 shares of common stock at a weighted average price of $62.50 per share.
• These sales were mandatory 'sell to cover' transactions, required by the Issuer's equity incentive plans to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs).
• The sales do not represent discretionary trades by the Reporting Person.
• Following these transactions, Phillips beneficially owns 10,435 shares, which includes unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting a routine, non-discretionary transaction for tax purposes rather than a strategic or performance-related action.

Future Outlook

N/A. This Form 4 reports past transactions and does not provide forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that 'sell to cover' transactions are a standard practice for executives to manage tax liabilities upon the vesting of restricted stock units, common across various industries for equity compensation.

Stakeholder Impact

• Minor impact on the Chief Accounting Officer's direct shareholdings due to routine tax obligations.
• No direct impact on other shareholders, employees, customers, suppliers, or creditors from this specific transaction.

Key Dates

Keywords

CAVA Group, CAVA, Form 4, Insider Transaction, Restricted Stock Units, RSU, Sell to Cover, Tax Withholding, Adam David Phillips, Chief Accounting Officer