STOCK TITAN

Chefs' Warehouse (NASDAQ: CHEF) CEO sells 100K shares in open-market trades

(Very High)
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Chefs' Warehouse, Inc. (CHEF) President and CEO Christopher Pappas reported selling a total of 100,000 shares of common stock on August 14, 2026, in open-market or private transactions. The sales were executed in two blocks at weighted average prices of $110.469 and $109.7527 per share, with price ranges detailed in the notes. He also reports 24,793 shares held indirectly "By GRATs." These transactions were not reported as made under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Insider Pappas Christopher
Role President and CEO
Sold 100,000 shs ($11.01M)
Type Security Shares Price Value
Sale Common Stock F1 50,000 $110.469 $5.52M
Sale Common Stock F2 50,000 $109.7527 $5.49M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 2,105,480 shares (Direct); Common Stock — 24,793 shares (Indirect, By GRATs)
Footnotes (2)
  1. F1. Represents the weighted average sale price of the shares sold ranging from a low of $110 to a high of $110.89 per share. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
  2. F2. Represents the weighted average sale price of the shares sold ranging from a low of $109.70 to a high of $110 per share. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
Shares sold (first block) 50,000 shares Common Stock sold on August 14, 2026 at weighted average price with range $110–$110.89
Weighted average price (first block) $110.469 per share Open-market or private sale of 50,000 Common Stock shares
Shares sold (second block) 50,000 shares Common Stock sold on August 14, 2026 at weighted average price with range $109.70–$110
Weighted average price (second block) $109.7527 per share Open-market or private sale of 50,000 Common Stock shares
Total shares sold 100,000 shares Aggregate of two reported Common Stock sales on August 14, 2026
Indirect holdings by GRATs 24,793 shares Common Stock reported as indirectly owned following the transactions
weighted average sale price financial
"Represents the weighted average sale price of the shares sold ranging"
open market or private transaction financial
"Sale in open market or private transaction"
GRATs financial
"total_shares_following_transaction": "24793.0000" ... "nature_of_ownership": "By GRATs""

FAQ

What insider transaction did CHEF CEO Christopher Pappas report on this Form 4?

Christopher Pappas reported selling 100,000 shares of Chefs' Warehouse (CHEF) common stock on August 14, 2026. The sales were open-market or private transactions executed in two separate blocks at different weighted average prices.

At what prices were the CHEF shares sold by CEO Christopher Pappas?

Pappas sold 50,000 shares at a weighted average price of $110.469 and another 50,000 shares at $109.7527. Footnotes state the first block ranged from $110 to $110.89, and the second from $109.70 to $110 per share.

How many CHEF shares did Christopher Pappas sell in total?

He sold a total of 100,000 CHEF shares, split into two transactions of 50,000 shares each. Both transactions occurred on August 14, 2026 and were classified as open-market or private sales of common stock.

Were Christopher Pappas’s CHEF stock sales under a Rule 10b5-1 trading plan?

No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, meaning the reported transactions were not designated as being made under a Rule 10b5-1 trading plan. No separate footnote describes a trading plan arrangement.

What CHEF share holdings does Christopher Pappas report after these transactions?

The filing reports 24,793 CHEF shares held indirectly "By GRATs." Direct post-transaction holdings are not quantified in the same way, but this indirect amount is shown as a holding entry following the reported sales.

What do the weighted average price footnotes mean in the CHEF Form 4?

Each weighted average price reflects multiple trades within a range on August 14, 2026. For 50,000 shares, trades ranged from $110–$110.89; for the other 50,000, from $109.70–$110. Pappas undertakes to provide full breakdowns upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pappas Christopher

(Last)(First)(Middle)
100 EAST RIDGE ROAD

(Street)
RIDGEFIELD CONNECTICUT 06877

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Chefs' Warehouse, Inc. [ CHEF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/14/2026S50,000D$110.469(1)2,155,480D
Common Stock08/14/2026S50,000D$109.7527(2)2,105,480D
Common Stock24,793IBy GRATs
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the weighted average sale price of the shares sold ranging from a low of $110 to a high of $110.89 per share. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
2. Represents the weighted average sale price of the shares sold ranging from a low of $109.70 to a high of $110 per share. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
/s/ Alexandros Aldous, Attorney-in-Fact for Christopher Pappas08/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)