Chewy (CHWY) CAO William G. Billings Withholds 1,207 Shares

What Happened William G. Billings, Chief Accounting Officer of Chewy, had 1,207 shares of Class A common stock withheld on January 30, 2026 to satisfy tax withholding obligations related to the net settlement of vested restricted stock units (RSUs). The shares were valued at $30.14 each for a total of about $36,379. This was a withholding/net-settlement transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-30; Filing date: 2026-02-03 (covers the 1/30/2026 transaction).
• Withheld: 1,207 shares at $30.14 per share; total value ~$36,379.
• Transaction code: F — tax withholding/net settlement; the filing notes this is not a market transaction and is exempt from Section 16(b) under Rule 16b-3(e).
• Shares owned after the transaction: not specified in the provided filing details.
• Relevant footnotes: the withholding was in connection with vested RSUs. The filing lists RSU grants with vesting schedules (grants dated 9/20/2024 and 4/8/2025) describing staggered/time-based vesting through 2027.
• Filing timeliness: filing date is 2026-02-03 for a 2026-01-30 transaction; investors may review timeliness against Section 16 reporting rules.

Context Withholding shares to cover taxes on vested RSUs is a routine administrative action and is not the same as an open-market sale; it typically does not signal insider sentiment about the company's stock. The filing clarifies this was a net-settlement tax withholding rather than a discretionary sale.