Venezia Patrick J 4

4 · Petco Health & Wellness Company, Inc. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Petco (WOOF) CRO Patrick J. Venezia Exercises Options, Sells 102,029 Shares

What Happened

Patrick J. Venezia, Chief Revenue Officer of Petco Health & Wellness (WOOF), exercised stock options to acquire 58,805 shares at $2.46 per share (total cost $144,660) and reported a derivative disposition of 58,805 shares at $0. He also sold 102,029 shares in open-market transactions at a weighted average price of $3.42, generating $349,072 in proceeds. All transactions are reported for March 13, 2026 and the Form 4 was filed March 17, 2026.

Key Details

Transaction date: March 13, 2026; Form 4 filed: March 17, 2026 (timely).
Option exercise: 58,805 shares acquired at $2.46 each = $144,660.
Open-market sale: 102,029 shares sold; weighted avg price $3.42; total proceeds $349,072. Sale prices ranged $3.390–$3.455 (see footnote F2).
A derivative disposal of 58,805 shares is also reported at $0 in the filing.
Footnotes: F1 notes 398,832 outstanding RSUs under the 2021 Plan; F3 describes the option vesting schedule. The filing does not state total shares beneficially owned following these transactions.

Context

The filing shows an options exercise (derivative code M) and an open-market sale (code S). When an insider exercises options and sells shares the same day, it can be a cashless or partially offsetting action, but the Form 4 here does not explicitly state the mechanics or reason.
Sales are often routine (liquidity or tax-related); purchases can be viewed as a stronger signal of confidence. This report is factual disclosure of the insider’s transactions and does not provide the insider’s motivations.

Form 4

Period: 2026-03-13

Chief Revenue Officer

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-03-13$2.46/sh+58,805$144,660→ 500,861 total
Sale
Class A Common Stock
[F2][F1]
2026-03-13$3.42/sh−102,029$349,072→ 398,832 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]
2026-03-13−58,805→ 114,151 total
Exercise: $2.46Exp: 2035-03-04→ Class A Common Stock (58,805 underlying)

Footnotes (3)

[F1]Includes 398,832 outstanding RSUs granted under the 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.
[F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $3.390 - $3.455, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
[F3]Represents options to purchase Class A Common Stock granted under the 2021 Plan. The options vest and become exercisable as follows: (i) 34% on the first anniversary of 3/4/2025 (the "Option Grant Date"); (ii) 16.5% on the date that is 18 months following the Option Grant Date; (iii) 16.5% on the second anniversary of the Option Grant Date; (iv) 16.5% on the date that is 30 months following the Option Grant Date; and (v) 16.5% on the third anniversary of the Option Grant Date.

Signature

/s/ Giovanni Insana, as Attorney-in-Fact|2026-03-17

1 file