United Natural Foods (UNFI) director adds shares through JCP-managed accounts

Rhea-AI Filing Summary

United Natural Foods, Inc. director Mr. Pappas reported recent trading in the company’s common stock through investment entities he is associated with. On 01/02/2026, managed accounts of JCP Investment Management, LLC acquired 15,000 shares of United Natural Foods common stock in an open-market purchase at $33.76 per share. On 01/05/2026, these managed accounts acquired an additional 2,000 shares at $33.30 per share.

After these transactions, the Form 4 reports 194,178 shares of United Natural Foods common stock beneficially owned indirectly through managed accounts of JCP Investment Management, LLC, and 293,144 shares beneficially owned indirectly through JCP Investment Partnership, LP, with a separate line indicating 24,685 shares disposed of. The footnotes state that Mr. Pappas and the related JCP entities may be deemed beneficial owners of these shares, while expressly disclaiming beneficial ownership beyond any pecuniary interest.

Insider Trade Summary

Net Buyer: 17,000 shares ($573,000)

Net Buy 4 txns

Insider Pappas James C

Role Director

Bought 17,000 shs ($573K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,000	$33.30	$67K
Purchase	Common Stock	15,000	$33.76	$506K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 194,178 shares (Indirect, By: Managed Accounts of JCP Investment Management, LLC); Common Stock — 24,685 shares (Direct)

Footnotes (1)

1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. JCP Investment Management, LLC ("JCP Management"), as the investment manager of JCP and certain separately managed accounts (the "JCP Accounts"), may be deemed the beneficial owner of the shares of common stock owned by JCP and held in the JCP Accounts. Mr. Pappas, as the managing member of JCP Management, may be deemed the beneficial owner of the shares of common stock held in the JCP Accounts. JCP Investment Partners, LP ("JCP Partners"), as the general partner of JCP Investment Partnership, LP ("JCP"), may be deemed the beneficial owner of the shares of Common Stock owned by JCP. JCP Investment Holdings, LLC ("JCP Holdings"), as the general partner of JCP Partners, may be deemed the beneficial owner of the shares of Common Stock owned by JCP. Mr. Pappas, as the sole member of JCP Holdings may be deemed the beneficial owner of the shares of common stock held by JCP.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pappas James C

(Last) (First) (Middle)

C/O UNITED NATURAL FOODS, INC.

15 PARK ROW WEST, SUITE 302

(Street)

PROVIDENCE RI 02903

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED NATURAL FOODS INC [ UNFI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/02/2026		P		15,000	A	$33.76	192,178(1)	I	By: Managed Accounts of JCP Investment Management, LLC(2)
Common Stock	01/05/2026		P		2,000	A	$33.3	194,178(1)	I	By: Managed Accounts of JCP Investment Management, LLC(2)
Common Stock								24,685	D
Common Stock								293,144(1)	I	By: JCP Investment Partnership, LP(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

2. JCP Investment Management, LLC ("JCP Management"), as the investment manager of JCP and certain separately managed accounts (the "JCP Accounts"), may be deemed the beneficial owner of the shares of common stock owned by JCP and held in the JCP Accounts. Mr. Pappas, as the managing member of JCP Management, may be deemed the beneficial owner of the shares of common stock held in the JCP Accounts.

3. JCP Investment Partners, LP ("JCP Partners"), as the general partner of JCP Investment Partnership, LP ("JCP"), may be deemed the beneficial owner of the shares of Common Stock owned by JCP. JCP Investment Holdings, LLC ("JCP Holdings"), as the general partner of JCP Partners, may be deemed the beneficial owner of the shares of Common Stock owned by JCP. Mr. Pappas, as the sole member of JCP Holdings may be deemed the beneficial owner of the shares of common stock held by JCP.

Remarks:

	/s/ Jody L. Hyvarinen, Power-of-Attorney, in fact	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did UNFI report in this Form 4?

The Form 4 reports that a director, Mr. Pappas, had managed accounts of JCP Investment Management, LLC acquire 15,000 shares of United Natural Foods, Inc. (UNFI) common stock on 01/02/2026 at $33.76 per share and 2,000 shares on 01/05/2026 at $33.30 per share.

How many UNFI shares does the reporting person beneficially own after these transactions?

Following the reported transactions, the filing shows 194,178 shares of UNFI common stock beneficially owned indirectly through managed accounts of JCP Investment Management, LLC and 293,144 shares beneficially owned indirectly through JCP Investment Partnership, LP, with a separate entry showing 24,685 shares disposed of.

What is the relationship of the reporting person to United Natural Foods (UNFI)?

The reporting person is identified as a Director of United Natural Foods, Inc., as indicated in the relationship section of the Form 4.

Through which entities does the UNFI director hold indirect beneficial ownership?

The footnotes state that JCP Investment Management, LLC, as investment manager of certain accounts, and JCP Investment Partners, LP and JCP Investment Holdings, LLC, as general partners of JCP Investment Partnership, LP, may be deemed beneficial owners of UNFI shares. Mr. Pappas, as managing member or sole member of these entities, may be deemed the beneficial owner of the shares held by these entities.

Does the UNFI Form 4 include any disclaimer about beneficial ownership?

Yes. The filing states that the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest, and that including these shares in the report should not be deemed an admission of beneficial ownership of all reported shares for Section 16 or any other purpose.

Is the UNFI insider transaction reported as a direct or indirect ownership change?

The reported UNFI transactions are shown as indirect (I) ownership, specifically held by managed accounts of JCP Investment Management, LLC and by JCP Investment Partnership, LP, rather than as directly held shares.