Form 4: Chefs' Warehouse Vice Chairman John Pappas Reports Stock Transactions

John Pappas, Vice Chairman and COO of Chefs' Warehouse, reports the disposition of shares to cover tax obligations and indirect ownership through a trust.

Summary

• John Pappas, Vice Chairman and COO of Chefs' Warehouse, filed a Form 4 detailing changes in beneficial ownership.
• On February 24, 2025, 1,846 shares of common stock were disposed of to cover tax obligations at a price of $63.89 per share.
• Following the transaction, Pappas directly owns 842,909 shares of common stock.
• Pappas also indirectly owns 400,000 shares through a single member LLC, where he is the sole member of a grantor retained annuity trust, the sole trustee, and the sole annuity beneficiary.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and sentiment.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates