Summary by Moomoo AI
On December 5, 2024, Artal Participations S.a r.l. acquired 9,507,990 shares of common stock in CAVA Group, Inc. through a transfer from its parent company, Artal International S.C.A. This transaction was reported in an SEC Form 3 filing, indicating an initial statement of beneficial ownership.Artal Participations now holds a direct ownership of these shares, which have a par value of $0.0001 each. The company may be considered a director by deputization of CAVA Group due to its representatives on the issuer's board of directors. However, Artal Participations has disclaimed beneficial ownership of the securities, except to the extent of its pecuniary interest.The ownership structure behind Artal Participations involves several entities, ultimately leading to Stichting Administratiekantoor Westend, with Mr. Amaury Wittouck as the sole board member of the Stichting. This complex ownership chain suggests significant indirect control over the CAVA Group shares.
