Chewy (CHWY) CEO Sumit Singh reports Rule 10b5-1 sell-to-cover stock sales
Rhea-AI Filing Summary
Chewy, Inc. CEO and director Sumit Singh reported automatic share sales and updated equity holdings. On December 2, 2025, he sold 40,789 shares of Class A common stock at $33.7344 per share in a transaction marked as a sale and described as a “sell to cover” for tax withholding tied to restricted stock unit (RSU) vesting under a pre‑established Rule 10b5‑1 trading plan adopted on April 15, 2022. Following this, he directly owned 623,185 shares.
On the same date, his spouse sold 639 shares at $33.7344 per share under a similar “sell to cover” Rule 10b5‑1 plan, leaving 76,710 shares held indirectly by spouse. The filing also details substantial performance‑based RSUs (PRSUs) and time‑based RSUs granted to Singh and his spouse, many scheduled to vest on February 1, 2026, March 1, 2026, April 1, 2026, and February 1, 2027, contingent on continued employment and prior certification of performance goals.
Positive
- None.
Negative
- None.
Insights
Analyzing...
FAQ
What insider transaction did Chewy (CHWY) report for CEO Sumit Singh?
The CEO, Sumit Singh, reported selling 40,789 shares of Chewy Class A common stock on December 2, 2025 at $33.7344 per share, labeled as a sale transaction.
Why did the Chewy (CHWY) CEO sell 40,789 shares?
The filing states the 40,789-share sale represents a “sell to cover” transaction under a Rule 10b5‑1 trading plan adopted on April 15, 2022 to cover tax withholding obligations from RSU vesting.
How many Chewy (CHWY) shares does Sumit Singh own after the reported sale?
After the December 2, 2025 transaction, Sumit Singh beneficially owned 623,185 shares of Chewy Class A common stock directly, according to the report.
What Chewy (CHWY) share transactions involved the CEO’s spouse?
On December 2, 2025, the CEO’s spouse sold 639 shares at $33.7344 per share in a “sell to cover” trade under a Rule 10b5‑1 plan, and held 76,710 shares indirectly afterward.
What RSU and PRSU awards are disclosed for Chewy (CHWY) CEO Sumit Singh?
The filing lists multiple RSU and PRSU grants to Sumit Singh, including awards initially granted on January 18, 2024 and April 4, 2024, with vesting dates such as February 1, 2026 and February 1, 2027, subject to time‑vesting and performance conditions and continued employment.
What equity awards are disclosed for the spouse of the Chewy (CHWY) CEO?
The spouse holds several RSU and PRSU grants with grants on dates including April 7, 2022, April 6, 2023, June 26, 2023, April 4, 2024, August 5, 2024, and April 8, 2025, with vesting scheduled on February 1, 2026, March 1, 2026, April 1, 2026, and February 1, 2027, subject to performance certification and continued employment.
What is the role of the Chewy (CHWY) insider in this Form 4 filing?
The reporting person, Sumit Singh, is identified as both a Director and an Officer of Chewy, Inc., serving as Chief Executive Officer, and the Form 4 is filed for one reporting person.