Notice of Proposed Sale · 144

El Pollo Loco Holdings, Inc.

LOCONASDAQEQUITYCurrent

Notice of Proposed Sale

Filed Oct 16, 2026Accepted Oct 16, 2026, 6:07 PM EDTFiling CIK 1606366Accession 0000921895-26-002808

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Structured filing — 144

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Notice of proposed sale. The proposed amounts below do not establish that a sale occurred.

Proposed-sale notice

Issuer: El Pollo Loco Holdings, Inc.
Issuer CIK: 0001606366
SEC file number: 001-36556
Phone: 7145995000
Person for whose account securities are to be sold: LION FUND II, L.P.
Relationships to issuer: 10% Stockholder
Street: 575 ANTON BLVD
Street (continued): STE 1100
City: COSTA MESA
State / country code: CA
Postal code: 92626

Securities proposed for sale

Securities proposed for sale · 1 reported row
Security	Proposed units	Aggregate market value	Units outstanding	Approximate sale date	Exchange	Broker / market maker
Common Stock	643,928	10,508,904.96	30,432,937	10/16/2026	NASDAQ	Wells Fargo

Broker / market maker — proposed row 1, entry 1

Name: Wells Fargo
Street: 280 Park Ave
Street (continued): Floor 28
City: New York
State / country code: NY
Postal code: 10017

Acquisition of securities to be sold

Acquisition of securities to be sold · 1 reported row
Security	Acquired	Nature of acquisition	Acquired from	Amount acquired	Gift transaction	Payment date	Nature of payment
Common Stock	06/28/2023	Open Market Purchases	N/A	4,000,000	N	06/28/2023	Cash

Sales reported in the preceding three months

Sales reported in the preceding three months · 12 reported rows
Seller	Security	Sale date	Amount sold	Gross proceeds
The Lion Fund II, L.P.	Common Stock	07/16/2026	2,749	45,908.30
The Lion Fund II, L.P.	Common Stock	07/17/2026	11,000	183,810.00
Biglari Reinsurance Ltd.	Common Stock	07/29/2026	3,306	55,243.26
First Guard Insurance Company	Common Stock	07/29/2026	3,305	55,226.55
Biglari Reinsurance Ltd.	Common Stock	07/30/2026	273	4,559.10
First Guard Insurance Company	Common Stock	07/30/2026	273	4,559.10
Biglari Reinsurance Ltd.	Common Stock	08/03/2026	10,000	167,300.00
First Guard Insurance Company	Common Stock	08/03/2026	10,000	167,300.00
Biglari Reinsurance Ltd.	Common Stock	08/05/2026	40,000	676,000.00
First Guard Insurance Company	Common Stock	08/05/2026	40,000	676,000.00
Biglari Reinsurance Ltd.	Common Stock	08/07/2026	550	9,383.00
First Guard Insurance Company	Common Stock	08/07/2026	550	9,383.00

Seller — prior-sale row 1, entry 1

Name: The Lion Fund II, L.P.
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 2, entry 1

Name: The Lion Fund II, L.P.
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 3, entry 1

Name: Biglari Reinsurance Ltd.
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 4, entry 1

Name: First Guard Insurance Company
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 5, entry 1

Name: Biglari Reinsurance Ltd.
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 6, entry 1

Name: First Guard Insurance Company
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 7, entry 1

Name: Biglari Reinsurance Ltd.
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 8, entry 1

Name: First Guard Insurance Company
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 9, entry 1

Name: Biglari Reinsurance Ltd.
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 10, entry 1

Name: First Guard Insurance Company
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 11, entry 1

Name: Biglari Reinsurance Ltd.
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Seller — prior-sale row 12, entry 1

Name: First Guard Insurance Company
Street: 19100 Ridgewood Parkway
Street (continued): Suite 1200
City: San Antonio
State / country code: TX
Postal code: 78259

Prior-sale reporting

Nothing to report for the preceding three months: N

Remarks

The aggregate market value is as of the close of business on 10/15/2026. The number of securities outstanding is as of 08/07/2026. The approximate date of sale is between 10/16/2026 through 01/14/2027. The shares proposed to be sold were acquired and paid for between 06/28/2023 and 08/08/2023. Certain affiliates of The Lion Fund II, L.P. are selling shares of the Issuer and filing on a separate Form 144.

Notice signature

Notice date: 10/16/2026
Signed: /s/ Sardar Biglari

Company context

El Pollo Loco (Nasdaq: LOCO) is the nation's leading fire-grilled chicken restaurant known for its craveable, flavorful, and better-for-you offerings. Our menu features innovative meals with Mexican flavors all made in our restaurants daily using quality ingredients. At El Pollo Loco, inclusivity is at the heart of our culture. Our community of over 4,000 employees reflects our commitment to creating a workplace where everyone has a seat at our table. Since 1980, El Pollo Loco has successfully expanded its presence, operating more than 500 company-owned and franchise-operated restaurants across nine U.S. states: Arizona, California, Colorado, Louisiana, Nevada, New Mexico, Texas, Utah and Washington. The Company has also extended its footprint internationally, with eight licensed restaurant locations in the Philippines. For more information or to place an order, visit the Loco Rewards APP or ElPolloLoco.com. Follow us on Instagram, TikTok, Facebook, or X.

Current securities

LOCONASDAQ · EQUITY · Current

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