PetMed Express (PETS) Director Peter Batushansky Receives Award

What Happened

• Peter Batushansky, a director of PetMed Express, Inc. (PETS), received a restricted stock award of 55,555 shares on August 11, 2026. The shares were granted at $0.00 (no cash purchase price), and the filing shows total acquisition value of $0.
• This is an award/grant (transaction code A), not an open-market purchase or sale. The award will vest in full on August 11, 2027, subject to Batushansky’s continued service on the Board.

Key Details

• Transaction date: 2026-08-11; Form filed: 2026-08-12 (timely filing; no late filing indicated).
• Shares granted: 55,555; acquisition price reported: $0.00; total reported value: $0.
• Vesting: Entire grant vests on August 11, 2027, subject to continued board service (per footnote).
• Shares owned after transaction: not specified in the provided filing.
• Transaction code: A = Award/Grant.

Context

• Restricted stock awards are compensation that become actual, unrestricted shares only after vesting conditions are met (here, one-year service). They are common for directors and executives and do not reflect an immediate open-market purchase or sale.
• Because this is a grant, it signals company compensation to a director rather than an insider buying or selling shares; it does not by itself indicate the director’s short-term market view.