Summary by Futu AI
SGC TRUST LLC, a director of CAVA Group, Inc., is set to sell 243,457 common shares of the company on 09/09/2024, with an aggregate market value of approximately $28.7 million. The shares were originally acquired on 06/20/2023 through the conversion of Series E Preferred Stock into Common Stock. This transaction follows a recent history of sales by the director, totaling 109,491 shares sold in the past three months, generating gross proceeds of over $13 million.