Summary by Moomoo AI
On December 31, 2023, CAVA Group Inc. was the subject of a Schedule 13G filing with the United States Securities and Exchange Commission (SEC), indicating a significant change in ownership by several entities and individuals. The filing was made under Rule 13d-1(d) of the Securities Exchange Act of 1934. The entities that reported ownership include Cava Act III, LLC, Cava Act III Trust, LLC, Act III Holdings Inc., and Ronald M. Shaich, all organized under the laws of the United States. Collectively, these entities and Mr. Shaich reported shared voting and dispositive power over a substantial number of shares, with Act III Holdings Inc. and Ronald M. Shaich each reporting control over 11,644,899 shares, representing 10.2% of the class. Cava Act III, LLC reported control over 5,957,634 shares (5.2%), and Cava Act III Trust, LLC over 5,687,265 shares (5.0%). The reported shares are based on 113,611,499 shares of common stock outstanding as of November 3, 2023. The filing was certified by Ronald M. Shaich, who holds the title of Chief Executive Officer for the reporting entities, on February 14, 2024.