May Holly 4

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.