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CHEFChefs' Warehouse, Inc. · Insider ownership research

Chefs' Warehouse, Inc. insiders sold $35.7M in the past 12 months. How much of their stake is that?

1% was sold under disclosed trading plans, 99% with no plan disclosed. The largest seller, Christopher Pappas (President and CEO, Director), sold $26.8M. 22% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$35.2M
sold with no plan disclosed, past 12 months
1.5%
of sales were under disclosed trading plans, past 12 months
5 of 13
officers and directors sold shares, past 12 months
Is this normal? More than usual: about 2x the 5-year average. 5 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Aug 18 for a sale on Aug 14. Christopher Pappas sold 100K shares ($11.0M) with no plan disclosed. Filing
SEC ownership filings: 32 filed in the 12 months to Oct 16, 2026; 555 on record since Jul 27, 2011 · See the evidence

What stands out

Four officers sold $35.2M with no disclosed plan: Christopher Pappas ($26.8M), Alexandros Aldous ($6.0M) and James Leddy ($1.4M), plus 1 more. The filings don't state a reason.Christopher Pappas: largest such sale, May 5, 2026 · Alexandros Aldous: largest such sale, Feb 27, 2026 · James Leddy: largest such sale, Nov 4, 2025

A share of stake is shown for 0 of the 5 officers and directors who sold. 13 are left out

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Left out: Christopher Pappas, John Pappas, James Leddy, Alexandros Aldous, Tim McCauley, Steven Goldstone, Christina Polychroni, Aylwin Lewis, Ivy Brown, Wendy Weinstein, Debra Walton, Richard Peretz and Lester Owens (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Christopher Pappas
President and CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$26.8MNo plan disclosed
Alexandros Aldous
General Counsel
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.0MNo plan disclosed
James Leddy
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.4MNo plan disclosed
Christina Polychroni
Chief Human Resources Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.1MNo plan disclosed
Tim McCauley
Chief Accounting Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$525KDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $1.4M no plan disclosedNovDecJanFeb 2026: $525K under a disclosed planFeb 2026: $2.3M no plan disclosedFebMar 2026: $6.2M no plan disclosedMarAprMay 2026: $10.1M no plan disclosedMayJunJulAug 2026: $15.2M no plan disclosed$15.2MAugSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 14, 20263 executives sold 138K shares ($15.2M) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Christopher Pappas
President and CEO, Director
100,000$110.11n/an/aAug 14, 2026Aug 18, 2026
Alexandros Aldous
General Counsel
35,000$110.97n/an/aAug 14, 2026Aug 18, 2026
Christina Polychroni
Chief Human Resources Officer
2,752$112.00n/an/aAug 14, 2026Aug 18, 2026

Common questions

Is the Chefs' Warehouse, Inc. CEO selling stock?

Yes. Christopher Pappas sold 321K shares ($26.8M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Chefs' Warehouse, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 1% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 99% had no disclosed plan. A trading plan schedules sales in advance.

Are any Chefs' Warehouse, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Christopher Pappas
President and CEO, Director
$26.8M
321K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Alexandros Aldous
General Counsel
$6.0M
65K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
James Leddy
Chief Financial Officer
$1.4M
22K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Christina Polychroni
Chief Human Resources Officer
$1.1M
14K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Tim McCauley
Chief Accounting Officer
$525K
7.5K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Christopher Pappas
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christopher Pappas are complete.
President and CEO, Director
n/a−321Kn/an/a
Vesting, gifts, unvested awards and holding lines for Christopher Pappas

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christopher Pappas are complete; balances and unit counts will be added when the check is finished.

−162Kgifted (net of own trusts)
−42Kwithheld by the company for taxes
John Pappas
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Pappas are complete.
Vice Chairman and COO, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for John Pappas

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Pappas are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−27Kwithheld by the company for taxes
James Leddy
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Leddy are complete.
Chief Financial Officer
n/a−22Kn/an/a
Vesting, gifts, unvested awards and holding lines for James Leddy

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Leddy are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−9Kwithheld by the company for taxes
Alexandros Aldous
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alexandros Aldous are complete.
General Counsel
n/a−65Kn/an/a
Vesting, gifts, unvested awards and holding lines for Alexandros Aldous

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alexandros Aldous are complete; balances and unit counts will be added when the check is finished.

−1.7Kgifted (net of own trusts)
−6.9Kwithheld by the company for taxes
Tim McCauley
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Tim McCauley are complete.
Chief Accounting Officer
n/a−7.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Tim McCauley

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Tim McCauley are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−3.4Kwithheld by the company for taxes
Steven Goldstone
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Goldstone are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Steven Goldstone

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Goldstone are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Christina Polychroni
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christina Polychroni are complete.
Chief Human Resources Officer
n/a−14Kn/an/a
Vesting, gifts, unvested awards and holding lines for Christina Polychroni

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christina Polychroni are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−3.4Kwithheld by the company for taxes
Aylwin Lewis
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Aylwin Lewis are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Aylwin Lewis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Aylwin Lewis are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ivy Brown
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ivy Brown are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ivy Brown

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ivy Brown are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Wendy Weinstein
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Wendy Weinstein are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Wendy Weinstein

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Wendy Weinstein are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Debra Walton
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Debra Walton are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Debra Walton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Debra Walton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Richard Peretz
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Richard Peretz are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Richard Peretz

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Richard Peretz are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Lester Owens
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lester Owens are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Lester Owens

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lester Owens are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Chefs' Warehouse, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$35.7M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $35.7M across 428,561 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($35.2M), including tax-related sales outside a plan.

No plan disclosed · $35.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $26.8M of it is Christopher Pappas. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Christopher Pappas, May 5, 2026

Taxes

91,385 shares ($6.5M) were withheld by the company for taxes, which isn't a market sale.

Charitable gifts · 164K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Christopher Pappas
President and CEO, Director
321K$26.8M0%75%Mar 3, 2026 to Aug 14, 2026
Alexandros Aldous
General Counsel
65K$6.0M0%17%Feb 27, 2026 to Aug 14, 2026
James Leddy
Chief Financial Officer
22K$1.4M0%4%Nov 4, 2025 to Nov 4, 2025
Christina Polychroni
Chief Human Resources Officer
14K$1.1M0%3%Feb 27, 2026 to Aug 14, 2026
Tim McCauley
Chief Accounting Officer
7.5K$525K100%1%Feb 18, 2026 to Feb 18, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$1.4M$0$0$1.4M
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$2.8M$525K$0$2.3M
Mar 2026$6.2M$0$0$6.2M
Apr 2026$0$0$0$0
May 2026$10.1M$0$0$10.1M
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$15.2M$0$0$15.2M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 2x the 5-year average. 5 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
429K5$35.7M
Oct 16, 2025
1 year earlier
381K6$20.1M
Oct 16, 2024
2 years earlier
32K2$1.2M
Oct 17, 2023
3 years earlier
6K1$121K
Oct 17, 2022
4 years earlier
323K3$11.5M
Oct 17, 2021
5 years earlier
326K4$10.8M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Chefs' Warehouse, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology555 filings on record, 32 filed in the 12-month period, and how we read them

All 555 Forms 3, 4 and 5 on record for Chefs' Warehouse, Inc. (SEC CIK 1517175), filed from Jul 27, 2011 to Aug 18, 2026; 32 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (17)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.