Summary by Futu AI
On 12/09/2024, CAVA Group insider Ronald M. Shaich executed significant stock transactions. Shaich directly sold 622,549 common shares at $149.40 per share, totaling $93 million. After this sale, his direct ownership decreased to 6,307 shares.Indirectly, Shaich disposed of 2,414,672 shares through various entities. Act III Holdings, LLC acquired 170,000 shares at no cost. Cava Act III Trust, LLC disposed of 1,670,000 shares, while SC 2018 Trust LLC and SGC Trust LLC sold 365,089 and 379,583 shares respectively, all at $149.40 per share. These indirect transactions resulted in a remaining indirect ownership of 1,374,328 shares.In total, Shaich's combined direct and indirect disposals amounted to over 3 million CAVA shares, significantly reducing his overall stake in the company. The transactions, all completed on the same day, represent a substantial insider sell-off.