secwatch.observer — SEC 8-K summary
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Issuer:     CAVA GROUP, INC. (CAVA)
CIK:        0001639438
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001628280-23-022714
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 3.02, 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639438/000162828023022714/0001628280-23-022714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639438/000162828023022714/cava-8xk.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-022714

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer