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El Pollo Loco Holdings, Inc.·4

Jul 6, 8:37 PM ET

BIGLARI CAPITAL CORP. 4

Research Summary

AI-generated summary

Updated

El Pollo Loco (LOCO) 10% Owner Sardar Biglari Sells Shares

What Happened

  • Sardar Biglari (reported as a 10% owner via related entities) sold a total of 141,946 shares of El Pollo Loco (LOCO) in open‑market transactions: 132,421 shares on 2026‑07‑01 at a weighted average price of $17.27 (proceeds $2,286,911) and 9,525 shares on 2026‑07‑02 at a weighted average price of $16.92 (proceeds $161,163). Combined proceeds ≈ $2,448,074. This was a sale (not a purchase or option exercise).

Key Details

  • Transaction dates and prices:
    • 2026‑07‑01: 132,421 shares sold; weighted avg $17.27 (per F1, individual trade prices ranged $17.20–$17.40).
    • 2026‑07‑02: 9,525 shares sold; weighted avg $16.92 (per F2, range $16.90–$16.96).
  • Total sold: 141,946 shares for ≈ $2.45 million.
  • Shares owned after the transactions: not specified in the provided excerpt — see the full Form 4 for post‑transaction holdings.
  • Notable footnotes:
    • F1/F2: reported prices are weighted averages across multiple transactions; seller will provide per‑trade price detail on request.
    • F3–F5: ownership is through related entities (The Lion Fund II, Biglari Reinsurance, First Guard, etc.); Biglari Capital Corp., Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own shares held by those entities.
    • Filing is joint (Mr. Biglari and several affiliated entities) and includes typical disclaimers of beneficial ownership except for pecuniary interest.
  • Filing timeliness: Form 4 was filed on 2026‑07‑06. That filing date likely misses the SEC’s usual two‑business‑day window for the 2026‑07‑01 sale (so the July 1 sale appears late); the July 2 sale’s reporting deadline may fall on or before July 6.

Context

  • This was a sale by a 10% owner (institutional/affiliate structure), not a routine employee purchase; such sales can be for many reasons and do not on their own indicate company prospects. Purchases are generally more informative about insider conviction. The filing provides ownership details via affiliated funds and insurance entities rather than direct executive purchases.