Billings William G. 4

What Happened

• William G. Billings, Chief Accounting Officer of Chewy, had 2,546 shares of Class A common stock withheld on February 27, 2026 to satisfy tax withholding and remittance obligations related to the net settlement of vested RSUs. The withheld shares are valued at $26.97 each, totaling $68,666.
• This was a tax-withholding/net settlement action (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-27; Filing date (Form 4): 2026-03-03.
• Price per share: $26.97; Total value of shares withheld: $68,666.
• Shares withheld: 2,546 (withheld to satisfy tax obligations; not a market transaction).
• Ownership after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Withheld shares represent tax withholding from net-settled vested RSUs and are exempt from Section 16(b) under Rule 16b-3(e).
  • F2–F4: Describe the RSU grants and vesting schedules (grants from 9/20/2024 and 4/8/2025 with staggered vesting through 2027).
• Timeliness: Filing posted Mar 3, 2026 for a Feb 27, 2026 transaction. Check the full filing for any late-filing designation.

Context

• Code F transactions are routine tax-withholdings when RSUs vest; they are not sales driven by market decisions and generally do not signal insider sentiment.
• The RSUs involved were previously granted and subject to time-based vesting schedules (see footnotes for vesting dates).