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CAVA GROUP, INC. — Director's Dealing 2023
Jun 15, 2023
30840_dirs_2023-06-15_8ae7c98d-c4c0-4772-8512-5288a0375a7d.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CAVA GROUP, INC. (CAVA)
CIK: 0001639438
Period of Report: 2023-06-15
Reporting Person: Schulman Brett (Director, CEO and President, 10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 512891 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series A Preferred Stock | $ | Common Stock (147144) | Direct | ||
| Series A Preferred Stock | $ | Common Stock (57495) | Indirect | ||
| Series A Preferred Stock | $ | Common Stock (682710) | Indirect | ||
| Stock Options (right to buy) | $1.28 | 2025-08-04 | Common Stock (128805) | Direct | |
| Stock Options (right to buy) | $1.92 | 2026-12-20 | Common Stock (55611) | Direct | |
| Stock Options (right to buy) | $2.66 | 2028-02-22 | Common Stock (51351) | Direct | |
| Stock Options (right to buy) | $7.56 | 2028-11-20 | Common Stock (661968) | Direct | |
| Stock Options (right to buy) | $2.94 | 2029-02-06 | Common Stock (14619) | Direct | |
| Stock Options (right to buy) | $6.75 | 2032-05-10 | Common Stock (129807) | Direct | |
| Stock Options (right to buy) | $9.58 | 2033-04-03 | Common Stock (49908) | Direct |
Footnotes
F1: Includes 223,062 unvested restricted stock units ("RSUs") of which 10,422 will vest on May 28, 2024, 59,682 will vest in two equal annual installments commencing January 1, 2024, 128,751 will vest in three equal annual installments commencing January 20, 2024 and 24,207 will vest in four equal annual installments commencing January 24, 2024. Each RSU represents a contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") upon settlement.
F2: The Series A Preferred Stock has no expiration date. Immediately prior to the closing of the IPO on June 20, 2023, the Series A Preferred Stock will automatically convert into fully paid and nonassessable shares of Common Stock on a one for one basis.
F3: These options are fully vested.
F4: Options granted on May 10, 2022 which vest in four equal annual installments commencing on January 20, 2023.
F5: Options granted on April 3, 2023 which vest in four equal annual installments commencing on January 24, 2024.