Chewy (CHWY) CFO Christopher Deppe Withholds 1,541 Shares for Taxes

What Happened

• Christopher S. Deppe, Chief Financial Officer of Chewy, had 1,541 shares of Class A common stock withheld on September 1, 2026 to satisfy tax withholding obligations related to the net settlement of vested restricted stock units (RSUs). The per-share value for the withholding was $23.80, for a total of $36,676. This was not an open-market sale but a tax-withholding/net-settlement action.

Key Details

• Transaction date and price: September 1, 2026 — 1,541 shares withheld @ $23.80 per share (total $36,676).
• Transaction type/code: F — payment of exercise price or tax liability (tax withholding in connection with net settlement of RSUs).
• Market action: Not a market sale; shares were withheld by the company to satisfy taxes (exempt from Section 16(b) under Rule 16b-3(e)).
• Shares owned after transaction: Not specified in the excerpt provided.
• Filing timeliness: Form filed Sept 3, 2026 for a Sept 1, 2026 transaction (appears timely per normal Form 4 reporting rules).
• Relevant footnote: F1 confirms the shares were withheld to satisfy tax withholding and were not sold on the open market.

Context

• This is a routine tax-withholding/net settlement of vested RSUs and does not necessarily indicate a change in insider sentiment. The filing also lists multiple RSU and PRSU grants with various vesting schedules (grants from 2023–2026) that explain the source of the vested shares. For retail investors, outright purchases by insiders tend to be more informative than withholding or routine sales; this transaction simply reflects payroll tax mechanics tied to equity compensation.