Company: CHEF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036589
Chunk: 20

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 20
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 of June 27, 2025, the Company had reserved $36,612 of its asset-based loan facility for the issuance of letters of credit and funds totaling $163,388 were available for borrowing.

Note 9 – Stockholders’ Equity

Equity AwardsThe following table reflects the activity of RSAs and RSUs during the twenty-six weeks ended June 27, 2025:Time-BasedPerformance-BasedMarket-BasedSharesWeighted AverageGrant Date Fair ValueSharesWeighted AverageGrant Date Fair ValueSharesWeighted AverageGrant Date Fair ValueUnvested at December 27, 2024483,284 $35.68 881,500 $34.79 303,036 $30.04 Granted209,677 63.51 740,294 63.03 35,101 61.16 Vested(199,890)35.27 (164,601)32.47 (162,351)29.12 Forfeited(14,118)42.21 (149,880)33.52 — — Unvested at June 27, 2025478,953 $47.84 1,307,313 $51.22 175,786 $37.10 The Company granted 985,072 RSAs and RSUs to its employees and directors at a weighted average grant date fair value of $63.07 during the twenty-six weeks ended June 27, 2025. These awards are a mix of time-, market- and performance-based grants that generally vest over a range of periods up to five years. The Company recognized expense on its RSAs and RSUs totaling $4,223 and $3,946 during the thirteen weeks ended June 27, 2025 and June 28, 2024, respectively, and $8,344 and $7,536 during the twenty-six weeks ended June 27, 2025 and June 28, 2024, respectively. No share-based compensation expense has been capitalized.At June 27, 2025, the total unrecognized compensation cost for unvested RSAs and RSUs was $33,100 and the weighted-average remaining period was approximately 1.9 years. Of this total, $19,669 related to awards with time-based vesting provisions and $13,431 related to awards with performance- and market-based vesting provisions. At June 27, 202