Chewy (CHWY) CTO Satish Mehta logs 10b5-1 sale and RSU tax withholding
Rhea-AI Filing Summary
Chewy, Inc. Chief Technology Officer Satish Mehta reported recent equity activity in Class A common stock. On 01/30/2026, 29,243 shares were withheld at $30.14 per share to cover tax obligations from vested RSUs, which was not a market sale. On 02/02/2026, Mehta sold 13,013 shares at $28.99 per share under a pre-established Rule 10b5-1 trading plan, leaving 273,835 shares of Class A common stock directly owned afterward.
The filing also details unvested equity awards. These include 13,528 RSUs from an April 6, 2023 grant that vest 50% on August 1, 2026 and 50% on February 1, 2027, and 162,139 PRSUs tied to 2024 performance that vest on February 1, 2027. Additional RSUs of 63,447 (granted April 4, 2024) vest starting May 1, 2026 on a quarterly schedule, and 62,097 (granted April 8, 2025) vest beginning March 1, 2026 with subsequent quarterly vesting, all subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 13,013 | $28.99 | $377K |
| Tax Withholding | Class A Common Stock | 29,243 | $30.14 | $881K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares of Class A common stock of Chewy, Inc. that were withheld to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSUs") and does not represent a market transaction. This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3(e) promulgated thereunder. Represents sales effected pursuant to a Rule 10b5-1 trading plan adopted by the filing person on September 23, 2025. Represents RSUs granted to the filing person on April 6, 2023. 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. 50% will vest on August 1, 2026 and the remaining 50% will vest on February 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. Represents PRSUs granted to the filing person. Each PRSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The PRSUs were initially granted on April 4, 2024 and the amount of PRSUs eligible for vesting was subject to certification of the satisfaction of certain performance conditions for the 2024 fiscal year by the Compensation Committee of the Board of Directors. On March 26, 2025, the Compensation Committee of the Board of Directors certified the achievement of the performance conditions for the PRSUs, which vest on February 1, 2027, subject to the filing person's continued employment with Chewy, Inc. through the vesting date. Represents RSUs granted to the filing person on April 4, 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. 12.5% will vest on May 1, 2026 and on 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.
FAQ
What insider transaction did Chewy (CHWY) CTO Satish Mehta report?
What RSU awards does Chewy (CHWY) CTO Satish Mehta hold from 2023?
What performance-based PRSUs does Chewy (CHWY) CTO Satish Mehta have outstanding?
How do Satish Mehta’s 2024 and 2025 Chewy (CHWY) RSU grants vest?