CAVA Chief People Officer Sells Over $2.6M in Stock Following Option Exercise
CAVA sits 81% above its 52-week low of $43.41.
Summary
CAVA Group's Chief People Officer, Kelly Costanza, sold 31,803 shares for over $2.6 million in an open market transaction, following the exercise of stock options.
Key Events · Ownership and Investor Activity · CAVA
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Officer Sells Shares
Kelly Costanza, Chief People Officer, sold 31,803 shares of common stock in an open market transaction on February 26, 2026, for a total value of $2,685,763.35 at a price of $84.45 per share.
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Option Exercise Preceded Sale
Prior to the sale, Ms. Costanza exercised options to acquire 31,803 shares of common stock at an exercise price of $6.75 per share, totaling $214,670.25.
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Recent RSU Grant
The officer also received a grant of 4,721 restricted stock units (RSUs) on February 26, 2026, which vest in three equal annual installments starting January 24, 2027.
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Follows Prior Intent to Sell
This Form 4 confirms the execution of a sale for which a Form 144 was filed on February 27, 2026, indicating an intent to sell the same quantity of shares.
Analysis · CAVA · Trade & Services
Kelly Costanza, CAVA's Chief People Officer, executed a significant open market sale of shares, disposing of over $2.6 million in stock. This transaction follows the exercise of options and a recent RSU grant. While the sale represents a small percentage of the company's overall market capitalization, it is a substantial amount for an individual officer and comes shortly after the company reported a slowdown in same-restaurant sales growth in its recent 10-K and 8-K filings. Investors may interpret this as an officer taking profits amidst mixed financial signals, potentially adding to negative sentiment.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CAVA was trading at $78.49 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.1B. The 52-week trading range was $43.41 to $101.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.