Shareholder plans sale of 489,247 LOCO shares

A holder of 489,247 shares of LOCO common stock filed a notice of proposed sale, with a reported aggregate market value of $7,979,618.57.

Rhea-AI Filing Summary

A holder of 489,247 shares of LOCO common stock filed a notice of proposed sale, with a reported aggregate market value of $7,979,618.57. The shares relate to open market purchases on August 15, 2023 for cash, and are listed on NASDAQ. LOCO had 30,455,298 shares outstanding as of the filing reference. In the past three months, The Lion Fund II, L.P. has reported multiple open-market sales of LOCO common stock, including blocks of 100,000 shares for $1,675,000.00 on June 26, 2026 and 132,421 shares for $2,286,911.00 on July 1, 2026.

Key Figures

Shares to be sold: 489,247 shares Aggregate market value of shares to be sold: $7,979,618.57 Shares outstanding: 30,455,298 shares +3 more

6 metrics

Shares to be sold 489,247 shares Common stock covered by the sale notice

Aggregate market value of shares to be sold $7,979,618.57 Reported value of 489,247 LOCO shares

Shares outstanding 30,455,298 shares LOCO common stock shares outstanding as referenced

Sale on June 26, 2026 100,000 shares for $1,675,000.00 LOCO common stock sold by The Lion Fund II, L.P.

Sale on June 29, 2026 100,000 shares for $1,658,000.00 LOCO common stock sold by The Lion Fund II, L.P.

Sale on July 1, 2026 132,421 shares for $2,286,911.00 LOCO common stock sold by The Lion Fund II, L.P.

Key Terms

Form 144, Open Market Purchases, Securities To Be Sold, Securities Sold During The Past 3 Months

4 terms

Form 144 regulatory

"144: Securities Information Common Stock | MS Howells & Co."

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Open Market Purchases financial

"Common Stock | 08/15/2023 | Open Market Purchases | N/A"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

Securities To Be Sold regulatory

"144: Securities To Be Sold Common Stock | 08/15/2023"

Securities Sold During The Past 3 Months regulatory

"144: Securities Sold During The Past 3 Months The Lion Fund II, L.P."

FAQ

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

How many LOCO shares are covered by the latest sale notice?

The notice covers 489,247 shares of LOCO common stock, with a reported aggregate market value of $7,979,618.57. These shares are associated with prior open market purchases on August 15, 2023 and are listed for trading on NASDAQ.

What is the reported market value of the LOCO shares to be sold?

The reported aggregate market value of the 489,247 LOCO shares to be sold is $7,979,618.57. This figure reflects the filer’s valuation at the time of the notice and applies specifically to this proposed block of common stock.

How many LOCO shares were outstanding in connection with this filing?

In connection with this notice, LOCO had 30,455,298 shares outstanding. This figure provides a baseline for understanding the size of the 489,247-share proposed sale, but it is not the amount being sold, only the total shares outstanding.

When were the LOCO shares proposed for sale originally acquired?

The 489,247 LOCO shares proposed for sale were acquired on August 15, 2023 through open market purchases for cash. This acquisition date and method help establish the holding period and nature of the investment before the planned sale.

Which institutional holder has recently sold LOCO shares and in what amounts?

The Lion Fund II, L.P. has recently sold multiple blocks of LOCO common stock, including 100,000 shares for $1,675,000.00 on June 26, 2026 and 132,421 shares for $2,286,911.00 on July 1, 2026, among other smaller transactions.

On which exchange is the LOCO common stock involved in this filing traded?

The LOCO common stock referenced in this notice is traded on NASDAQ. The filing identifies the security as LOCO common stock listed on this exchange in connection with the proposed sale of 489,247 shares and the issuer’s overall outstanding share count.

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 Not now

Available on EDGAR 07/29/2026 - 06:42 PM Accepted by SEC EDGAR 07/29/2026 - 06:41 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001726173
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	El Pollo Loco Holdings, Inc.
SEC File Number	001-36556
Address of Issuer	575 ANTON BLVD STE 1100 COSTA MESA CALIFORNIA 92626
Phone	7145995000
Name of Person for Whose Account the Securities are To Be Sold	Biglari Holdings Inc.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	MS Howells & Co. 23350 N. Pima Rd. Scottsdale AZ 85255	489247	7979618.57	30455298	07/29/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/15/2023	Open Market Purchases	N/A			489247	08/15/2023	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	06/26/2026	100000	1675000.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	06/29/2026	100000	1658000.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	06/30/2026	22600	382166.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/01/2026	132421	2286911.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/02/2026	9525	161163.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/13/2026	75000	1255500.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/14/2026	1211	20260.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/15/2026	6533	109166.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/16/2026	2749	45908.00
The Lion Fund II, L.P. 19100 Ridgewood Pkwy Suite 1200 San Antonio TX 78259	Common Stock	07/17/2026	11000	183810.00

144: Remarks and Signature

Remarks	This Form 144 is being filed by Biglari Holdings Inc., the ultimate parent company of Biglari Reinsurance Ltd. and First Guard Insurance Company, which are the entities selling the shares. The aggregate market value is as of the close of business on 07/28/2026. The number of securities outstanding is as of 05/01/2026. The approximate date of sale is between 07/29/2026 through 09/24/2026. The shares proposed to be sold were acquired and paid for between 08/15/2023 and 08/22/2024. A certain other affiliate of Biglari Holdings Inc. is selling shares of the Issuer and filing on a separate Form 144.
Date of Notice	07/29/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Sardar Biglari
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)