Summary by Futu AI
Artal International S.C.A., a 10% stockholder in CAVA Group, Inc., is set to sell 3,000,000 shares of common stock on 06/05/2024. The shares, with a par value of $0.0001 each, have an aggregate market value of $265,020,000. These shares were originally acquired on 06/20/2023 through the conversion of Series E Preferred Stock into Common Stock. The upcoming sale follows a previous transaction where Artal International sold 2,000,000 shares of CAVA Group's common stock on 03/21/2024, from which they grossed $132,500,000.