Hu Da-Wai 4

What Happened

• Da‑Wai Hu, General Counsel & Secretary of Chewy, had 1,777 shares of Chewy Class A common stock withheld on 2026-02-27 at a per‑share value of $26.97, for a total value of $47,926. This was a tax withholding/net settlement related to vested restricted stock units (RSUs) and is a disposition by the reporting form, but it was not an open‑market sale.

Key Details

• Transaction date and reported price: 2026-02-27; 1,777 shares at $26.97 each (total ~$47,926).
• Transaction code: F — shares were withheld to satisfy tax withholding and remittance obligations (net settlement of vested RSUs), not a market sale.
• Footnotes: F1 clarifies the withholding and that the transaction is exempt from Section 16(b) per Rule 16b‑3(e). Additional footnotes (F2–F5) describe various RSU/PRSU grants and vesting schedules (grants from 4/1/2024 and 4/1/2025, quarterly/time and performance vesting through 12/1/2026 and 2/1/2027).
• Shares owned after transaction: not specified in the provided data.
• Filing timeliness: Report filed 2026-03-03 for a 2026-02-27 transaction; filing appears timely under the Form 4 two‑business‑day rule.

Context

• This was a tax‑withholding net settlement (cashless) of vested RSUs — a routine administrative disposition used to cover tax obligations and not necessarily a signal of insider buying or selling intent.
• For retail investors, purchase transactions generally convey more informative insider confidence; withholding to cover taxes is common and should be interpreted as administrative rather than a directional trade.