WOOF insider Joel Anderson adds shares; direct stake now 3.23M
Rhea-AI Filing Summary
On 1 Aug 2025, Petco Health & Wellness (WOOF) CEO/director Joel D. Anderson purchased 1,100 Class A shares at $2.48 through the company’s 2021 Employee Stock Purchase Plan, a transaction exempt under Rule 16b-3.
Post-purchase, Anderson’s direct stake is 3,226,281 shares, comprising 2,712,719 RSUs plus 513,562 unrestricted shares. He also reports indirect holdings of 853,304 shares (2020 Trust), 724,910 shares (2025 Trust) and 7,874 shares held by his son. No derivative securities were bought or sold.
The added shares increase his total beneficial ownership marginally—about 0.04 % of his direct position—but insider buys generally signal management confidence and may be viewed positively by investors.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small insider buy; positive signal but quantitatively immaterial, impact neutral-to-slight positive.
The CEO’s $2.7k purchase under the ESPP is dwarfed by his existing 3.2 m-share stake, so the economic commitment is minimal. Still, Form 4 shows he is adding, not trimming, and reports no new option exercises or sales. With >2.7 m RSUs outstanding, future dilution from vesting is already disclosed. Overall effect on valuation or float is negligible; however, the directional cue is modestly constructive for sentiment.