---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-022714"
form_type: "8-K"
ticker: "CAVA"
cik: "0001639438"
company_name: "CAVA GROUP, INC."
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T21:21:33.082098+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-022714
- form_type: 8-K
- ticker: CAVA
- cik: 0001639438
- company_name: CAVA GROUP, INC.
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.02, 3.03, 5.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639438/000162828023022714/0001628280-23-022714-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639438/000162828023022714/cava-8xk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-022714
- JSON: https://secwatch.observer/filing/0001628280-23-022714.json
- Plain text: https://secwatch.observer/filing/0001628280-23-022714.txt

## Key facts
- Governance Changes
  CAVA GROUP, INC.: Amended and Restated Bylaws became effective (effective 2023-06-20).
  - Change: bylaw amendment
  - Effective: 2023-06-20
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639438/000162828023022714/0001628280-23-022714-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639438/000162828023022714/0001628280-23-022714-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.