Chewy CFO Christopher Deppe Withholds 624 Shares for Taxes

What Happened
Christopher Deppe, Chewy’s Chief Financial Officer, had 624 shares of Chewy Class A common stock withheld on July 31, 2026 to satisfy tax withholding and remittance obligations related to the net settlement of vested restricted stock units (RSUs). The withholding price was $22.82 per share, for a total value of approximately $14,240. This was a tax-withholding/net-settlement transaction—not an open-market sale.

Key Details

• Transaction date and price: July 31, 2026 at $22.82 per share.
• Shares withheld: 624 shares; total value ≈ $14,240.
• Transaction code: F (tax withholding to satisfy tax liability in connection with net settlement of vested RSUs).
• Footnote: F1 clarifies these shares were withheld to cover tax obligations and do not represent a market transaction; exempt from Section 16(b) under Rule 16b-3(e).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: report filed Aug 4, 2026; no late filing flag indicated in the provided information.

Context
Tax-withholding/net-settlement of RSUs is routine for executives when awards vest; it reduces the executive’s outstanding shares but does not signal an active market sale. The filing also references multiple RSU/PRSU grants (see footnotes) that describe vesting schedules; the withheld shares relate to the net settlement of such vested awards. This type of transaction (code F) is administrative and generally not interpreted as a directional insider trade.