Summary by Moomoo AI
Ronald M Shaich, an officer of CAVA Group, has filed to sell 622,549 shares of common stock on December 9, 2024. The aggregate market value of the shares to be sold is $93,930,193.The shares were originally acquired on June 20, 2023, through the conversion of Series E Preferred Stock into Common Stock. This conversion was part of a transaction with the issuer, CAVA Group. The nature of payment for this acquisition was the conversion of Preferred Stock.No sales of securities have been reported by the insider in the past three months prior to this filing. The transaction is scheduled for execution, pending market conditions and other factors.