Cava stock slides after CEO, executives disclose stock sales

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Cava (CAVA) shares are falling in Tuesday's pre-market trading — opening the session in negative territory — after CEO Brent Schulman and other executives reported selling stock, according to an SEC filing. Schulman reportedly sold 210,504 shares for $24.87 million, Chief Concept Officer Ted Xenohristos sold 98,490 shares for $12.387 million, and CFO Patricia Tolivar sold 5,000 shares for $628,175.

The Morning Brief's Madison Mills and Brad Smith break down this story.

Catch last week's full interview with Cava Co-Founder and CEO Brett Schulman here.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

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