Petco (WOOF) CRO Patrick Venezia Withholds 14,948 Shares for Taxes

What Happened
Patrick J. Venezia, Chief Revenue Officer of Petco Health & Wellness (WOOF), had 14,948 restricted stock units (RSUs) withheld on September 4, 2026 to satisfy his tax liability when a portion of his RSUs vested. The withholding was at $2.52 per share, totaling $37,669. This was a tax-withholding (share surrender) tied to RSU vesting — a routine administrative action rather than an open-market sale.

Key Details

• Transaction date: 2026-09-04; Form 4 filed: 2026-09-09 (filing appears timely).
• Shares withheld: 14,948 at $2.52 per share.
• Total value withheld: $37,669.
• RSU grant date: March 4, 2025; a portion vested on September 4, 2026 (footnote F1).
• Filing notes 299,125 outstanding RSUs granted under the 2021 Equity Incentive Plan; each RSU represents the right to one share (footnote F2).
• Shares owned after the withholding are not explicitly stated in the filing beyond the outstanding RSU count.

Context
This was a cashless/withholding settlement to cover taxes on vested RSUs — a common, routine action that typically does not signal insider sentiment. Each RSU converts to one share when settled; here, instead of receiving all vested shares in cash or stock, the company withheld 14,948 shares to cover taxes.