Summary by Futu AI
Ronald M Shaich, an officer of CAVA Group, has filed to sell 365,089 shares of common stock on December 9, 2024. The aggregate market value of the shares to be sold is $55,084,625.The shares were originally acquired on June 20, 2023, through the conversion of Series E Preferred Stock into Common Stock. This conversion was part of a transaction with the issuer, CAVA Group Inc. The nature of payment for the acquisition was the conversion of Preferred Stock.No securities have been sold by the officer in the past three months prior to this filing. The planned sale represents a significant transaction for the company and its shareholders, potentially impacting the stock's market dynamics.