Chefs' Warehouse CEO sells 125K shares in open trade

Chefs' Warehouse, Inc. President and CEO Christopher Pappas reported several changes in his holdings of the company’s common stock.

Rhea-AI Filing Summary

Chefs' Warehouse, Inc. President and CEO Christopher Pappas reported several changes in his holdings of the company’s common stock. On May 5, 2026, he executed an open-market sale of 125,000 shares at $78.00 per share.

On May 4, 2026, he also made a bona fide gift of 79,950 shares to a charitable trust. According to the disclosure, neither Pappas nor any family member is a trustee of that trust or controls its investment decisions. Following these transactions, he holds 2,189,453 shares directly and 62,639 shares indirectly through GRATs.

Insider Trade Summary

Net Seller: 125,000 shares

Net Sell 3 txns

Insider Pappas Christopher

Role President and CEO

Sold 125,000 shs ($9.75M)

Type	Security	Shares	Price	Value
Sale	Common Stock	125,000	$78.00	$9.75M
Gift	Common Stock	79,950	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,189,453 shares (Direct); Common Stock — 62,639 shares (Indirect, By GRATs)

Footnotes (1)

1. F1. On May 4, 2026, the Reporting Person contributed 79,950 shares of the Issuer's common stock to a charitable trust. Neither the Reporting Person nor any member of the Reporting Person's family is a trustee of the trust, nor do they have control over the trust's investment decisions.

Key Figures

Open-market sale: 125,000 shares at $78.00 Gifted shares: 79,950 shares Direct holdings after transactions: 2,189,453 shares +2 more

5 metrics

Open-market sale 125,000 shares at $78.00 Common Stock sale on May 5, 2026

Gifted shares 79,950 shares Bona fide gift on May 4, 2026 to charitable trust

Direct holdings after transactions 2,189,453 shares Common Stock directly owned following reported transactions

Indirect holdings via GRATs 62,639 shares Common Stock held indirectly through GRATs as of May 4, 2026

Net shares sold 125,000 shares Net buy/sell shares from transaction summary

Key Terms

open-market sale, bona fide gift, GRATs, charitable trust

4 terms

open-market sale financial

"transaction_action: "open-market sale" for 125,000 shares at $78.0000"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

bona fide gift financial

"transaction_code_description: "Bona fide gift" for 79,950 shares"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

GRATs financial

"nature_of_ownership: "By GRATs" for indirect holdings"

charitable trust financial

"contributed 79,950 shares ... to a charitable trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CHEF CEO Christopher Pappas report?

Christopher Pappas reported an open-market sale of 125,000 Chefs' Warehouse shares at $78.00 per share, plus a bona fide gift of 79,950 shares to a charitable trust. These moves reduced his direct holdings but left a substantial remaining position.

How many Chefs' Warehouse (CHEF) shares did the CEO sell?

The CEO sold 125,000 shares of Chefs' Warehouse common stock in an open-market transaction at $78.00 per share. This sale is detailed as a non-derivative transaction and forms the primary net-sell activity in the disclosed Form 4 filing.

What was the gifted share amount in the latest CHEF Form 4?

The filing shows a bona fide gift of 79,950 Chefs' Warehouse shares to a charitable trust. The disclosure notes neither Christopher Pappas nor his family members serve as trustees or control that trust’s investment decisions, signaling a transfer without retained investment authority.

What are Christopher Pappas’s Chefs' Warehouse holdings after these transactions?

After the reported transactions, Christopher Pappas directly holds 2,189,453 Chefs' Warehouse shares. He also has 62,639 shares held indirectly through GRATs, providing a view of both his direct equity stake and related indirect ownership positions.

How does the Form 4 describe the charitable trust involved with CHEF shares?

The Form 4 footnote states 79,950 shares were contributed to a charitable trust. It specifies that neither Christopher Pappas nor any family member is a trustee or controls the trust’s investment decisions, clarifying his lack of ongoing investment authority over those shares.

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

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Accepted by SEC EDGAR 05/05/2026 - 09:50 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/04/2026		G		79,950	D	$0	2,314,453(1)	D
Common Stock	05/05/2026		S		125,000	D	$78	2,189,453	D
Common Stock								62,639	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On May 4, 2026, the Reporting Person contributed 79,950 shares of the Issuer's common stock to a charitable trust. Neither the Reporting Person nor any member of the Reporting Person's family is a trustee of the trust, nor do they have control over the trust's investment decisions.

	/s/ Alexandros Aldous, Attorney-in-Fact for Christopher Pappas	05/05/2026
	** Signature of Reporting Person	Date
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)