CHWY insider: CAO sell-to-cover 1,121 shares; 31,045 shares held
Rhea-AI Filing Summary
Chewy, Inc. (CHWY) insider filing: Chief Accounting Officer William G. Billings reported a sale of 1,121 Class A shares on 11/03/2025 at $32.7181 per share. The filing states this was a “sell to cover” under a Rule 10b5‑1 trading plan adopted on September 11, 2024 to cover tax withholding from RSU vesting. Following the transaction, he directly beneficially owned 31,045 shares.
The filing also lists time‑vested RSU awards: 43,750 RSUs granted 09/20/2024 (58.5% vests on 08/01/2026; 41.5% on 08/01/2027), 29,728 RSUs granted 09/20/2024 (9.09% vests on 02/01/2026 and each three‑month anniversary thereafter), and 25,377 RSUs granted 04/08/2025 (25% vests on 03/01/2026 and 6.25% each three‑month anniversary thereafter), each subject to continued employment.
Positive
- None.
Negative
- None.
Insights
Sell-to-cover under a 10b5-1 plan; routine and neutral.
The officer sold 1,121 shares at $32.7181 on 11/03/2025 to satisfy tax withholding from RSU vesting, executed pursuant to a pre‑established Rule 10b5‑1 plan. Such sales typically do not signal discretionary selling pressure.
Post‑trade direct ownership is 31,045 shares. The filing details multiple RSU grants with specified vesting schedules across 2026 and 2027. Actual share delivery depends on continued employment and scheduled vesting.
The filing is administrative in nature. Any market impact would depend on future vesting and delivery; the document provides the schedule but no changes to compensation terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,121 | $32.7181 | $37K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents "sell to cover" sales effected pursuant to a Rule 10b5-1 trading plan adopted by the filing person on September 11, 2024 to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). Represents RSUs granted to the filing person on September 20, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 58.5% will vest on August 1, 2026, and 41.5% will vest on August 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. Represents RSUs granted to the filing person on September 20, 2024. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 9.09% will vest on February 1, 2026, and each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. Represents RSUs granted to the filing person on April 8, 2025. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs are subject to time-vesting conditions. 25% of these RSUs will vest on March 1, 2026, and 6.25% will vest on each three-month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.