Tim McCauley - Oct 3, 2023 Form 4 Insider Report for Chefs' Warehouse, Inc. (CHEF)

Signature
/s/ Alexandros Aldous, Attorney-in-Fact for Tim McCauley
Stock symbol
CHEF
Transactions as of
Oct 3, 2023
Transactions value $
-$121,440
Form type
4
Date filed
10/4/2023, 04:19 PM
Previous filing
Mar 2, 2023
Next filing
Nov 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHEF Common Stock Sale -$121K -6K -7.97% $20.24 69.2K Oct 3, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sale on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 5, 2023.
F2 Represents the weighted average sale price of the shares sold ranging from a low of $20.243 to a high of $20.5294 per share. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.