Company: CHEF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001517175-25-000008
Chunk: 7

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1A
Chunk 7
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ITEM 1A. RISK FACTORS

There have been no material changes to our risk factors as previously disclosed in Part I, Item 1A. included in our Annual Report on Form 10-K for the year ended December 27, 2024. In addition to the information contained herein, you should consider the risk factors disclosed in our Annual Report on Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS AND ISSUER PURCHASES OF EQUITY SECURITIES

Issuer Purchases of Equity Securities

Total Numberof SharesRepurchased(1)AveragePricePaid Per ShareTotalNumber of SharesPurchased as Partof PubliclyAnnounced Plansor Programs(2)ApproximateDollar Value ofShares That MayYet Be PurchasedUnder the Plansor Programs (in thousands)(2)December 28, 2024 to January 24, 2025— $— — $82,617 January 25, 2025 to February 21, 2025— — — 82,617 February 22, 2025 to March 28, 2025180,139 63.33 — 82,617 Total180,139 $63.33 — $82,617 

(1)Represents withholding of 180,139 shares of our common stock during the thirteen weeks ended March 28, 2025 to satisfy tax withholding requirements related to restricted shares of our common stock awarded to our officers and key employees 

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resulting from either elections under 83(b) of the Internal Revenue Code of 1986, as amended, or upon vesting of such awards. 

(2)In November 2023, we announced a two-year share repurchase program in an amount up to $100.0 million targeting $25.0 million to $100.0 million of share repurchases by the end of fiscal 2025.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements

During the quarterly period covered by this report, none of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act, of