Chewy (CHWY) CAO William Billings Withholds 625 Shares for Taxes

What Happened
William G. Billings, Chewy's Chief Accounting Officer, had 625 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 withholding was at $23.80 per share for a total value of $14,875. This was a tax-withholding/net-settlement transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-01; filing date (Form 4): 2026-09-03 (timely).
• Shares withheld/disposed: 625 shares at $23.80 each; total value $14,875.
• Transaction code: F — payment of exercise price or tax liability via share withholding (net settlement). This is not a market sale.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote F1: Confirms shares were withheld to satisfy tax obligations and that the transaction is exempt from Section 16(b) under Rule 16b-3(e). Additional footnotes (F2–F6) describe the underlying RSU/PRSU grants and vesting schedules related to the awards.

Context
This was a routine tax-withholding/net-settlement of vested equity (common for RSU vesting) and should not be read as a discretionary sale indicating a view on the stock. Footnotes show multiple time- and performance-based RSU grants with future vesting dates; the withheld shares relate to the net settlement of vested awards.