CEO Sells $6 Million in Shares Following Option Exercise
CHEF sits 39% above its 52-week low of $45 on elevated volume (2.5× avg).
Summary
Christopher Pappas, President and CEO of Chefs' Warehouse, sold approximately $6 million worth of common stock after exercising options, with the sale partially driven by expiring options.
Key Events · Ownership and Investor Activity · CHEF
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CEO Sells Shares
Christopher Pappas, President and CEO, sold 95,908 shares of common stock for approximately $5.99 million at an average price of $62.53 per share.
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Option Exercise Precedes Sale
The sale was preceded by the exercise of 95,908 stock options at a price of $20.23 per share, valued at approximately $1.94 million.
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Reason for Disposition
The filing indicates the exercise and subsequent disposition were due to the stock options expiring on March 7, 2026.
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Additional Dispositions
The filing also reported a tax withholding of 3,965 shares worth $283,061 and a gift of 60,392 shares.
Analysis · CHEF · Trade & Services
Christopher Pappas, the President and CEO, executed a significant open market sale of common stock totaling nearly $6 million. While the transaction involved exercising expiring options, the subsequent disposition of shares represents a substantial sale by a key insider. This follows the company's recent strong full-year 2025 financial results, making the timing of this large insider sale notable for investors.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 35.8% of the 1190 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CHEF was trading at $62.43 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $45.00 to $73.94. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.