El Pollo Loco: 10% owner Sardar Biglari sold 25,556 shares

What happened

• Sardar Biglari, reported as a 10% owner, sold 25,556 shares of El Pollo Loco common stock on Oct 16, 2026. The filing reports total proceeds of $421,674 and a weighted average price of $16.50.

Key details

• Transaction date and price: Oct 16, 2026; reported as a sale (code S). Weighted average price reported as $16.50; footnote F1 says the shares were sold in multiple trades at prices ranging from $16.50 to $16.56.
• Transaction type: open market or private sale (Form 4 reports code S).
• Shares owned after the transaction: not reported on the Form 4.
• Ownership footnotes: F2–F4 describe that shares are held directly by entities (The Lion Fund II, Biglari Reinsurance, First Guard) and that Biglari Capital Corp., Biglari Insurance, Biglari Holdings and Mr. Biglari may be deemed to beneficially own those shares by virtue of control relationships. The filing was submitted jointly by Mr. Biglari and the related entities; each disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing date: filed Oct 20, 2026 (transaction date Oct 16, 2026).

Why it may matter

• This filing reports a straight sale of shares (not an option exercise, award, or gift).
• The reporting person is a 10% owner (a large holder, not reported here as an executive of the issuer).
• This filing does not show why the insider traded or why the company acted.