Summary by Futu AI
Ron M Shaich, a Director at CAVA Group Inc, is set to sell 27,185 shares of the company's common stock on 08/28/2024, as per the latest filing. 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 is part of a larger pattern of sales by Shaich, who has sold a total of 5,550,250 shares in the past three months, generating gross proceeds of $484,258,220. The upcoming sale represents a continuation of Shaich's recent transaction activity in CAVA Group's stock.