0001213900-24-013964.txt : 20240214 0001213900-24-013964.hdr.sgml : 20240214 20240214145413 ACCESSION NUMBER: 0001213900-24-013964 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 GROUP MEMBERS: ACT III HOLDINGS INC GROUP MEMBERS: CAVA ACT III TRUST, LLC GROUP MEMBERS: RONALD M. SHAICH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAVA GROUP, INC. CENTRAL INDEX KEY: 0001639438 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 473426661 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-94111 FILM NUMBER: 24636377 BUSINESS ADDRESS: STREET 1: 14 RIDGE SQUARE NW STREET 2: SUITE 500 CITY: WASHINGTON STATE: DC ZIP: 20016 BUSINESS PHONE: 202.400.2920 MAIL ADDRESS: STREET 1: 14 RIDGE SQUARE NW STREET 2: SUITE 500 CITY: WASHINGTON STATE: DC ZIP: 20016 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Cava Act III, LLC CENTRAL INDEX KEY: 0001978531 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 23 PRESCOTT STREET CITY: BROOKLINE STATE: MA ZIP: 02446 BUSINESS PHONE: 617-283-4131 MAIL ADDRESS: STREET 1: 23 PRESCOTT STREET CITY: BROOKLINE STATE: MA ZIP: 02446 SC 13G 1 ea193739-13gcavaact3_cava.htm SCHEDULE 13G

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment No. ___)*

 

CAVA GROUP INC
(Name of Issuer)

 

Common Stock
(Title of Class of Securities)

 

148929102
(CUSIP Number)

 

12/31/2023
(Date of Event Which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☐Rule 13d – 1(b)

 

☐Rule 13d – 1(c)

 

☒Rule 13d – 1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. 148929102

 

(1)

Names of reporting persons:

 

Cava Act III, LLC

(2)

Check the appropriate box if a member of a group (see instructions)

 

☐ (a)     ☐ (b)

(3)

SEC use only

 

(4)

Citizenship or place of organization:

 

United States

Number of
shares
beneficially
owned by each
reporting
person with:		 (5)

Sole voting power:

 

0

(6)

Shared voting power:

 

5,957,634 (1)

(7)

Sole dispositive power:

 

0

(8)

Shared dispositive power:

 

5,957,634 (1)

(9)

Aggregate amount beneficially owned by each reporting person:

 

5,957,634 (1)

(10)

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

(11)

Percent of class represented by amount in Row (9)

 

5.2%

(12)

Type of reporting person (see instructions):

 

CO

 

(1)Based on 113,611,499 shares of common stock outstanding on November 3, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 1, 2023, filed with the Securities and Exchange Commission on November 8, 2023.

 

2

 

  

CUSIP No. 148929102

 

(1)

Names of reporting persons:

 

Cava Act III Trust, LLC

(2)

Check the appropriate box if a member of a group (see instructions)

 

☐ (a)     ☐ (b)

(3)

SEC use only

 

(4)

Citizenship or place of organization:

 

United States

Number of
shares
beneficially
owned by each
reporting
person with:		 (5)

Sole voting power:

 

0

(6)

Shared voting power:

 

5,687,265 (1)

(7)

Sole dispositive power:

 

0

(8)

Shared dispositive power:

 

5,687,265 (1)

(9)

Aggregate amount beneficially owned by each reporting person:

 

5,687,265 (1)

(10)

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

(11)

Percent of class represented by amount in Row (9)

 

5.0%

(12)

Type of reporting person (see instructions):

 

CO

 

(1)Based on 113,611,499 shares of common stock outstanding on November 3, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 1, 2023, filed with the Securities and Exchange Commission on November 8, 2023.

 

3

 

 

CUSIP No. 148929102

 

(1)

Names of reporting persons:

 

Act III Holdings Inc.

(2)

Check the appropriate box if a member of a group (see instructions)

 

☐ (a)     ☐ (b)

(3)

SEC use only

 

(4)

Citizenship or place of organization:

 

United States

Number of
shares
beneficially
owned by each
reporting
person with:		 (5)

Sole voting power:

 

0

(6)

Shared voting power:

 

11,644,899 (1)

(7)

Sole dispositive power:

 

0

(8)

Shared dispositive power:

 

11,644,899 (1)

(9)

Aggregate amount beneficially owned by each reporting person:

 

11,644,899 (1)

(10)

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

(11)

Percent of class represented by amount in Row (9)

 

10.2%

(12)

Type of reporting person (see instructions):

 

CO

 

(1)Based on 113,611,499 shares of common stock outstanding on November 3, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 1, 2023, filed with the Securities and Exchange Commission on November 8, 2023.

 

4

 

 

CUSIP No. 148929102

 

(1)

Names of reporting persons:

 

Ronald M. Shaich

(2)

Check the appropriate box if a member of a group (see instructions)

 

☐ (a)     ☐ (b)

(3)

SEC use only

 

(4)

Citizenship or place of organization:

 

United States

Number of
shares
beneficially
owned by each
reporting
person with:		 (5)

Sole voting power:

 

11,649,899 (1)

(6)

Shared voting power:

 

0

(7)

Sole dispositive power:

 

11,649,899 (1)

(8)

Shared dispositive power:

 

0

(9)

Aggregate amount beneficially owned by each reporting person:

 

11,649,899 (1)

(10)

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

 

(11)

Percent of class represented by amount in Row (9)

 

10.3%

(12)

Type of reporting person (see instructions):

 

IN

 

(1)Based on 113,611,499 shares of common stock outstanding on November 3, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended October 1, 2023, filed with the Securities and Exchange Commission on November 8, 2023.

 

5

 

 

SCHEDULE 13G

 

Item 1(a)Name of issuer:

 

CAVA GROUP INC

 

Item 1(b)Address of issuer’s principal executive offices:

 

14 Ridge Square NW, SUITE 500, Washington, DC 20016

 

2(a) Name of persons filing:

 

Act III Holdings, LLC, Cava Act III, LLC, Cava Act III Trust, LLC and Ronald M. Shaich

 

2(b) Address or principal business office or, if none, residence:

 

c/o 23 Prescott Street, Brookline, Massachusetts 02446

 

2(c) Citizenship:

 

United States

 

2(d) Title of class of securities:

 

Common Stock

 

2(e) CUSIP No.: 148929102

 

Item 3.If this statement is filed pursuant to §§240.13d–1(b) or 240.13d–2(b) or (c), check whether the person filing is a:

 

(a)☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

(b)☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a–8);

 

(e)☐ An investment adviser in accordance with §240.13d–1(b)(1)(ii)(E);

 

(f)☐ An employee benefit plan or endowment fund in accordance with §240.13d–1(b)(1)(ii)(F);

 

(g)☐ A parent holding company or control person in accordance with §240.13d–1(b)(1)(ii)(G);

 

(h)☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a–3);

 

(j)☐ A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);

 

(k)☐ Group, in accordance with §240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with§240.13d–1(b)(1)(ii)(J), please specify the type of institution: ___________

 

6

 

 

SCHEDULE 13G

 

Item 4.Ownership

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).

 

(b)Percent of class: See the response(s) to Item 11 on the attached cover page(s).

 

(c)Number of shares as to which the person has:

 

(i)Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s)

 

(ii)Shared power to vote or to direct the vote See the response(s) to Item 6 on the attached cover page(s).

 

(iii)Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s)

 

(iv)Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).

 

Item 5.Ownership of 5 Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

 

Dissolution of a group requires a response to this item.

 

Item 6.Ownership of More than 5 Percent on Behalf of Another Person.

 

Not Applicable

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not Applicable

 

Item 8.Identification and Classification of Members of the Group.

 

Not Applicable

 

Item 9.Notice of Dissolution of Group.

 

Not Applicable

 

Item 10.Certifications

 

Not Applicable

 

7

 

 

Signatures

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: 2/14/2024

 

  By: /s/ Ronald M. Shaich
  Name: Ronald M. Shaich
   
  CAVA ACT III TRUST, LLC
   
  By: /s/ Ronald M. Shaich
  Name:  Ronald M. Shaich
  Title: Chief Executive Officer
   
  CAVA ACT III, LLC
   
  By: /s/ Ronald M. Shaich
  Name: Ronald M. Shaich
  Title: Chief Executive Officer
   
  ACT III HOLDINGS, LLC
   
  By: /s/ Ronald M. Shaich
  Name:  Ronald M. Shaich
  Title: Chief Executive Officer

 

 

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