Sardar Biglari - Aug 7, 2023 Form 4 Insider Report for El Pollo Loco Holdings, Inc. (LOCO)

Role
10%+ Owner
Signature
By: /s/ Sardar Biglari
Stock symbol
LOCO
Transactions as of
Aug 7, 2023
Transactions value $
$2,226,231
Form type
4
Date filed
8/9/2023, 05:43 PM
Previous filing
Aug 9, 2023
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCO Common Stock, par value $0.01 per share Purchase $1.07M +101K +2.65% $10.63 3.89M Aug 7, 2023 By The Lion Fund II, L.P. F1, F2
transaction LOCO Common Stock, par value $0.01 per share Purchase $1.16M +107K +2.74% $10.84 4M Aug 8, 2023 By The Lion Fund II, L.P. F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares owned directly by The Lion Fund II, L.P. (the "Lion Fund II"). Biglari Capital Corp. ("BCC") is the general partner of the Lion Fund II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by the Lion Fund II.
F2 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.57 to $10.80. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.71 to $11.00. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Remarks:

This Form 4 is filed jointly by Mr. Biglari, BCC and the Lion Fund II. Each of Mr. Biglari, BCC and Lion Fund II disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.