CAVA Group Chief Accounting Officer Sells Shares for Tax Withholding on RSU Vesting
Adam David Phillips, Chief Accounting Officer of CAVA Group, Inc., sold 757 shares of common stock on June 15, 2026, at a weighted average price of $89.43 per share. This sale was required to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) and represents a mandatory "sell to cover" transaction under the company's equity incentive plans, not a discretionary trade. Following the transaction, Phillips holds 6,848 shares of CAVA common stock, which includes unvested RSUs. The shares were sold as part of a larger transaction involving 69,803 shares sold on behalf of multiple employees, with sales prices ranging from $89.00 to $89.87. The proceeds were allocated pro rata among the employees. The filing is a Form 4 required for insider transactions.