Key insider transaction
Chefs' Warehouse, Inc. (NASDAQ: CHEF) disclosed that Tim McCauley, the company's Chief Accounting Officer, sold 7,500 shares of common stock on February 18, 2026. The shares were sold at $70.00 each, producing total proceeds of $525,000, according to a Form 4 filing with the Securities and Exchange Commission.
Follow-up transactions recorded
The Form 4 filing also shows McCauley engaged in additional share activity later in February. On February 24, 2026, he acquired 3,501 shares and on the same date acquired 4,197 shares. The filing further records that on February 24 and February 25, 2026 a combined total of 2,335 shares were withheld to satisfy tax obligations at prices of $72.42 and $72.12, respectively. The value of the shares withheld for taxes is reported as $168,977.
Resulting ownership stake
After accounting for the sale, the purchases and the tax-withholding, McCauley directly holds 50,025 shares of Chefs' Warehouse common stock.
Share price context and valuation note
The insider sale occurred while Chefs' Warehouse shares were trading near their 52-week high of $73.94. At the time of the reporting, the stock was quoted at $72.09. An InvestingPro analysis cited in disclosure accompanying the filings indicates the shares appear overvalued relative to their Fair Value and references 12 additional ProTips available to investors assessing the $2.93 billion market capitalization company.
Quarterly results and market reaction
Separately, Chefs' Warehouse reported fourth-quarter 2025 results that surpassed analyst expectations. The company posted earnings per share of $0.68, ahead of the consensus forecast of $0.62. Revenue for the quarter was reported at $1.143 billion, exceeding the anticipated $1.1 billion. Despite these positive outcomes, the stock registered a 1.15% decline in pre-market trading following the release.
Analyst stance
Benchmark has retained a Buy rating on Chefs' Warehouse and set a price target of $84.00. Analyst Todd Brooks at Benchmark emphasized that the company’s $1.14 billion in revenue was above the consensus estimate. The combination of stronger-than-expected quarterly results and the insider transactions frames the most recent period for the company.
What the filings show and what they do not
The public filings enumerate the specific transactions, withholding details and current direct ownership for McCauley. They do not provide additional context regarding the motives for the sale or the subsequent purchases beyond the mechanics recorded on the Form 4. Observers must therefore rely on the filing data itself when assessing insider intent.