May Holly 4
4 · Petco Health & Wellness Company, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Petco CHRO May Holly Sells 19,758 Shares for Taxes
What Happened
May Holly, Chief Human Resources Officer at Petco Health & Wellness (WOOF), had 19,758 restricted stock units (RSUs) withheld/disposed to cover taxes upon vesting. The withholding was recorded at $2.65 per share, for a total value of $52,359. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-04; Filing date: 2026-03-06 (timely filing).
- Disposed/withheld: 19,758 RSUs at $2.65 each; total value reported $52,359.
- Footnote: RSUs were granted on March 4, 2025 under the 2021 Equity Incentive Plan; a portion vested on March 4, 2026 and were withheld to satisfy tax liability.
- Reported outstanding RSUs for the reporting person: 1,711,748 (each RSU = right to one share).
- Transaction code F indicates tax withholding rather than an open‑market sale.
Context
Tax-withholding of vested RSUs is a routine administrative transaction and does not necessarily signal insider sentiment about the stock. For retail investors, purchase transactions usually carry more informational weight than routine withholdings like this one.
Insider Transaction Report
Form 4
May Holly
Chief Human Resources Officer
Transactions
- Tax Payment
Class A Common Stock
[F1][F2]2026-03-04$2.65/sh−19,758$52,359→ 1,959,819 total
Footnotes (2)
- [F1]The transaction reported reflects the withholding of restricted stock units ("RSUs") in satisfaction of the Reporting Person's tax liability. The RSUs were granted to the Reporting Person on March 4, 2025 pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan"), and a portion vested on March 4, 2026.
- [F2]Includes 1,711,748 outstanding RSUs granted under the 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.
Signature
/s/ Giovanni Insana, as Attorney-in-Fact|2026-03-06