Summary by Futu AI
Artal International S.C.A., a 10% stockholder in CAVA Group, Inc., has announced its intention to sell 3,500,000 shares of common stock, valued at approximately $176.75 million, on 02/27/2024. The shares to be sold were acquired on 06/20/2023 through the conversion of Series E Preferred Stock into Common Stock directly from the issuer. This transaction follows a period where no other securities transactions were reported by Artal International in the past three months.