Anderson Joel D 4

What Happened Joel D. Anderson, CEO of Petco Health & Wellness Company (WOOF), reported an Other acquisition/disposition (code J) on March 13, 2026, disposing 1,575,931 shares of Petco Class A common stock at $3.49 per share, a total reported value of $5,499,999. The Form 4 treats this as a change in the form of beneficial ownership — shares were moved from the reporting person's Revocable Trust into a 2020 Trust rather than sold on the open market.

Key Details

• Transaction date: March 13, 2026; Report filed: March 17, 2026.
• Shares: 1,575,931 shares reported disposed at $3.49 each; total value reported $5,499,999.
• Reported as code J ("Other acquisition or disposition"); filing explains this was a transfer between trusts, not a market sale.
• Footnotes: (F1) Transfer from Revocable Trust into the 2020 Trust and corresponding cash withdrawal of $3.49/share from the 2020 Trust; (F2) on March 9, 2026, 1,341,128 shares were moved from direct holdings into the Revocable Trust; (F3) Anderson holds 1,879,053 outstanding RSUs under the company's 2021 Equity Incentive Plan.
• The filing does not state an updated total of Anderson’s beneficially owned shares across all holdings in this Form 4.

Context This was a transfer between trusts that the filer believes is exempt under Rule 16a-13 of the Exchange Act. Transfers between related trusts or changes in the form of ownership are generally administrative and do not necessarily signal a change in the insider’s view of the company.