Venezia Patrick J 4

What Happened Patrick J. Venezia, Chief Revenue Officer of Petco Health & Wellness (WOOF), had 26,120 restricted stock units (RSUs) withheld to satisfy tax obligations upon vesting. The withheld RSUs were recorded as a disposition of 26,120 shares at $2.50 per share, totaling $65,300. This transaction is reported under transaction code F (payment of tax liability).

Key Details

• Transaction date and price: May 18, 2026 — 26,120 shares at $2.50 each (total $65,300).
• Transaction code: F — RSU withholding to cover tax liability (not an open-market sale).
• Grant and vesting: RSUs were granted Nov 18, 2024 under the 2021 Equity Incentive Plan; a portion vested May 18, 2026 (triggering the withholding).
• Shares/RSUs reported after transaction: Filing notes 336,015 outstanding RSUs under the 2021 Plan (each RSU represents the right to one share).
• Filing timeliness: Report filed May 20, 2026 for a May 18 transaction — appears to be timely (Form 4 is due within two business days).

Context This was a routine tax-withholding event (company withheld vested RSUs to pay taxes) rather than an active open-market sale by the insider. Such withholding is common when RSUs vest and generally reflects tax settlement, not necessarily a signal about the insider’s view of the company.