CAVA completes IPO of 16.6M shares at $22; preferred stock converted to common

CAVA GROUP, INC.

IPO completed on June 20: 16,611,110 shares sold at $22.00, including full exercise of underwriters' option.
All outstanding preferred stock converted into 95,203,554 shares of common stock immediately before IPO.
CEO Brett Schulman received 332,386 RSUs and 647,123 options valued at $14.6M; CFO and COO also received grants.
Directors Charles Chapman III and David Strasser resigned; Lauri Shanahan elected to board as Class I director.

item 3.02 item 3.03 item 5.03 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CAVA GROUP, INC.: Amended and Restated Bylaws became effective (effective 2023-06-20).

Change: bylaw amendment
Effective: 2023-06-20

Exact text from the filing

On June 20, 2023, the Certificate of Incorporation, in the form previously filed as Exhibit 3.5 to the Registration Statement, and the Company’s Amended and Restated Bylaws (the “ Bylaws ”), in the form previously filed as Exhibit 3.7 to the Registration Statement, became effective.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CAVA GROUP, INC.: Certificate of Incorporation became effective, setting authorized capital stock at 2.5 billion shares of common stock and 250 million shares of preferred stock (effective 2023-06-20).

Change: charter amendment
Effective: 2023-06-20

Exact text from the filing

On June 20, 2023, the Certificate of Incorporation, in the form previously filed as Exhibit 3.5 to the Registration Statement, and the Company’s Amended and Restated Bylaws (the “ Bylaws ”), in the form previously filed as Exhibit 3.7 to the Registration Statement, became effective.

View on SEC.gov

42 governance changes filed in the last 30 days. Browse all governance changes →

CAVA GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-022714

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