SIMMONS SABRINA 4

What Happened

• Sabrina Simmons, Chief Financial Officer of Petco Health & Wellness (WOOF), had 190,584 restricted stock units (RSUs) withheld to satisfy her tax liability when those RSUs vested on March 4, 2026. The withholding covered 125,036 RSUs at $2.65 ($331,345) and 65,548 RSUs at $2.65 ($173,702), a combined value of approximately $505,047. This is a tax-withholding disposition (code F), not an open-market sale for investment reasons.

Key Details

• Transaction date: March 4, 2026; Form filed March 6, 2026.
• Price used for withholding: $2.65 per share.
• Shares withheld/disposed: 125,036 and 65,548 (total 190,584).
• Total value withheld: ~$505,047.
• Shares/units held after transaction: the filing notes 939,027 outstanding RSUs (each RSU convertible to one share) held by the reporting person.
• Footnotes: RSUs were granted March 4, 2025 under the 2021 Equity Incentive Plan and vested on March 4, 2026; withholding was used to satisfy tax liability (F).

Context

• RSU tax withholding is a routine administrative disposition and typically does not signal the insider intentionally selling stock for market reasons. Each RSU represents the right to one share on vesting; the filing documents the tax-related withholding rather than a voluntary market sale.