Billings William G. 4

What Happened
William G. Billings, Chewy's Chief Accounting Officer, had 625 shares of Chewy Class A common stock withheld on June 1, 2026 to satisfy tax withholding obligations in connection with the net settlement of vested restricted stock units (RSUs). The withholding was at an effective price of $22.54 per share, representing approximately $14,088. This withholding is a tax-related disposition rather than an open-market sale.

Key Details

• Transaction date and price: June 1, 2026 — 625 shares withheld at $22.54 per share (total ≈ $14,088). (Footnote F1)
• Transaction type: F = payment of exercise price or tax liability via share withholding; exempt from Section 16(b) under Rule 16b-3(e). (F1)
• Shares owned after transaction: Not specified in the provided filing.
• Related grants and vesting: Filing references multiple RSU/PRSU grants (F2–F6) including RSUs granted Apr 8, 2026 (time-vesting), PRSUs certified Mar 5, 2026 (vest Mar 1, 2028), and earlier RSU grants with varying vesting schedules. (F2–F6)
• Filing timeliness: Report filed June 3, 2026 for a June 1, 2026 transaction — appears timely.

Context

• This was a tax-withholding/net-settlement action (not an open-market sale). Footnote F1 explicitly states the shares were withheld to satisfy tax withholding and do not represent a market transaction.
• Such withholdings are routine administrative actions when equity awards vest and do not necessarily indicate insider sentiment about the company's stock.