Chefs' Warehouse (CHEF) CEO Christopher Pappas Sells 100,000 Shares

What Happened

• Christopher Pappas, President, CEO and a director of Chefs' Warehouse, sold a total of 100,000 shares on August 14, 2026, in two transactions. He sold 50,000 shares at $110.47 for $5,523,450 and 50,000 shares at $109.75 for $5,487,635, totaling approximately $11,011,085. These were reported as sales (S) — dispositions rather than purchases.

Key Details

• Transaction dates and prices:
  • 2026-08-14: 50,000 shares sold @ $110.47 = $5,523,450
  • 2026-08-14: 50,000 shares sold @ $109.75 = $5,487,635
• Total shares sold: 100,000; total proceeds: ~ $11.01 million.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: Indicates a weighted average sale price for that group ranged from $110.00 to $110.89; the reporting person will provide details on the number of shares sold at each price upon request by the SEC, issuer, or a security holder.
  • F2: Indicates a weighted average sale price for that group ranged from $109.70 to $110.00; similar undertaking to provide per-price share counts on request.
• Timeliness: The trade occurred 2026-08-14 and the Form 4 was filed 2026-08-18, which is within the SEC’s typical two-business-day filing window (timely).

Context

• These were outright sales (not option exercises, gifts, or awards) reported as open-market or private dispositions. Sales by insiders are often routine and can reflect many reasons (tax planning, diversification, etc.); they are not, by themselves, a clear signal of company performance.