ark restaurants chairman & CEO sells $807,523 in shares

Michael Lawrence Weinstein, Chairman & CEO of ARK Restaurants Corp (NASDAQ:ARKR), sold 176,701 shares of the company’s common stock on September 24, 2026. The transaction, executed at a price of $4.57 per share, amounted to a total value of $807,523. The shares were indirectly owned through SamEmma Ventures, LLC.

Following this transaction, Mr. Weinstein beneficially owns 856,111 shares of ARK Restaurants Corp. His beneficial ownership includes 1,650 shares held by The Weinstein Foundation, 392,538 shares directly owned, and 35,000 shares held in an IRA. It also includes 4000,000 shares indirectly owned through a limited liability company for the benefit of certain family members, in which Mr. Weinstein has a 10% interest and sole voting power. Additionally, Mr. Weinstein holds a 50% interest, representing 53,844 shares, with respect to the securities held in SamEmma Ventures, LLC.

In other recent news, Ark Restaurants Corp. reported weaker third-quarter 2026 results, with sales declining by 6%. The company’s gross margin narrowed by approximately 6.5%, and EBITDA decreased by $1.4 million. These results were attributed to softer customer traffic in Las Vegas and Florida, as well as increased payroll costs. Additionally, Ark Restaurants’ debt increased to $7.1 million following a $5 million drawdown related to construction at its America restaurant in Las Vegas. These developments highlight the company’s ongoing financial challenges.