A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 8 filings in this group are Form 4s for El Pollo Loco Holdings, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 8 insider filings shown, the breakdown is 7 open-market sale and 1 tax withholding. 7 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Tax withholding
Tax / Compensation Filing
2026-08-25
LOCO insider Form 4 filed for equity award, exercise, or tax withholding
Fils Ira (CHIEF FINANCIAL OFFICER) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
7,213 |
$16.03 |
$115.6K |
Filing: Form 4 (Insider Transaction)
Insider: Fils Ira (CHIEF FINANCIAL OFFICER)
Shares: 7,213
Form 4
Open-market sale
Insider Selling
2026-08-11
LOCO insider BIGLARI, SARDAR (10% Owner) sold 1,100 shares (~$18.8K)
BIGLARI, SARDAR, listed as 10% Owner at El Pollo Loco Holdings, Inc., reported an open-market sale of 1,100 LOCO shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
550 |
$17.06 |
$9.4K |
S |
Open-market sale
|
550 |
$17.06 |
$9.4K |
Filing: Form 4 (Insider Transaction)
Insider: BIGLARI, SARDAR (10% Owner)
Shares: 1,100
Est. Value: $18.8K
Form 4
Open-market sale
Insider Selling
2026-08-05
LOCO insider BIGLARI, SARDAR (10% Owner) sold 100,000 shares (~$1.69M)
BIGLARI, SARDAR, listed as 10% Owner at El Pollo Loco Holdings, Inc., reported an open-market sale of 100,000 LOCO shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
10,000 |
$16.73 |
$167.3K |
S |
Open-market sale
|
10,000 |
$16.73 |
$167.3K |
S |
Open-market sale
|
40,000 |
$16.90 |
$676.0K |
S |
Open-market sale
|
40,000 |
$16.90 |
$676.0K |
Filing: Form 4 (Insider Transaction)
Insider: BIGLARI, SARDAR (10% Owner)
Shares: 100,000
Est. Value: $1.69M
Form 4
Open-market sale
Insider Selling
2026-07-31
LOCO insider BIGLARI, SARDAR (10% Owner) sold 7,157 shares (~$119.6K)
BIGLARI, SARDAR, listed as 10% Owner at El Pollo Loco Holdings, Inc., reported an open-market sale of 7,157 LOCO shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
3,306 |
$16.71 |
$55.2K |
S |
Open-market sale
|
3,305 |
$16.71 |
$55.2K |
S |
Open-market sale
|
273 |
$16.70 |
$4.6K |
S |
Open-market sale
|
273 |
$16.70 |
$4.6K |
Filing: Form 4 (Insider Transaction)
Insider: BIGLARI, SARDAR (10% Owner)
Shares: 7,157
Est. Value: $119.6K
Form 4
Open-market sale
Insider Selling
2026-07-21
LOCO insider BIGLARI, SARDAR (10% Owner) sold 11,000 shares (~$183.8K)
BIGLARI, SARDAR, listed as 10% Owner at El Pollo Loco Holdings, Inc., reported an open-market sale of 11,000 LOCO shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
11,000 |
$16.71 |
$183.8K |
Filing: Form 4 (Insider Transaction)
Insider: BIGLARI, SARDAR (10% Owner)
Shares: 11,000
Est. Value: $183.8K
Form 4
Open-market sale
Insider Selling
2026-07-16
LOCO insider BIGLARI, SARDAR (10% Owner) sold 10,493 shares (~$175.3K)
BIGLARI, SARDAR, listed as 10% Owner at El Pollo Loco Holdings, Inc., reported an open-market sale of 10,493 LOCO shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
1,211 |
$16.73 |
$20.3K |
S |
Open-market sale
|
6,533 |
$16.71 |
$109.2K |
S |
Open-market sale
|
2,749 |
$16.70 |
$45.9K |
Filing: Form 4 (Insider Transaction)
Insider: BIGLARI, SARDAR (10% Owner)
Shares: 10,493
Est. Value: $175.3K
Form 4
Open-market sale
Insider Selling
2026-07-14
LOCO insider BIGLARI, SARDAR (10% Owner) sold 75,000 shares (~$1.26M)
BIGLARI, SARDAR, listed as 10% Owner at El Pollo Loco Holdings, Inc., reported an open-market sale of 75,000 LOCO shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
75,000 |
$16.74 |
$1.26M |
Filing: Form 4 (Insider Transaction)
Insider: BIGLARI, SARDAR (10% Owner)
Shares: 75,000
Est. Value: $1.26M
Form 4
Open-market sale
Insider Selling
2026-07-06
LOCO insider BIGLARI, SARDAR (10% Owner) sold 141,946 shares (~$2.45M)
BIGLARI, SARDAR, listed as 10% Owner at El Pollo Loco Holdings, Inc., reported an open-market sale of 141,946 LOCO shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
132,421 |
$17.27 |
$2.29M |
S |
Open-market sale
|
9,525 |
$16.92 |
$161.2K |
Filing: Form 4 (Insider Transaction)
Insider: BIGLARI, SARDAR (10% Owner)
Shares: 141,946
Est. Value: $2.45M