Petco (NASDAQ: WOOF) CRO has 32,792 shares withheld for RSU taxes
Rhea-AI Filing Summary
Petco Health & Wellness Company, Inc. Chief Revenue Officer Patrick J. Venezia reported a tax-withholding disposition of Class A common stock tied to restricted stock units (RSUs). On March 4, 2026, 32,792 shares were withheld at $2.65 per share to satisfy his tax liability on vesting RSUs granted March 4, 2025 under the company’s 2021 Equity Incentive Plan.
After this withholding transaction, Venezia directly owned 442,056 shares of Petco Class A common stock. His holdings also include 398,832 outstanding RSUs granted under the 2021 Plan, each representing the right to receive one share of Class A common stock.
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Insider Trade Summary
Net Seller: 32,792 shares
Net Sell
1 txn
Insider
Venezia Patrick J
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 32,792 | $2.65 | $87K |
Holdings After Transaction:
Class A Common Stock — 442,056 shares (Direct)
Footnotes (2)
- F1. The transaction reported reflects the withholding of restricted stock units ("RSUs") in satisfaction of the Reporting Person's tax liability. The RSUs were granted to the Reporting Person on March 4, 2025 pursuant to the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan"), and a portion vested on March 4, 2026.
- F2. Includes 398,832 outstanding RSUs granted under the 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.
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FAQ
What insider transaction did Petco (WOOF) disclose for Patrick J. Venezia?
Petco reported that Chief Revenue Officer Patrick J. Venezia had shares withheld to cover taxes on vesting restricted stock units. On March 4, 2026, 32,792 Class A common shares were disposed of at $2.65 per share as a tax-withholding transaction, not an open-market sale.
Was the Petco (WOOF) Form 4 transaction an open-market stock sale?
No. The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld to satisfy Patrick J. Venezia’s tax liability on RSUs that vested under Petco’s 2021 Equity Incentive Plan, rather than being sold on the public market.
What restricted stock units (RSUs) are reported for Petco (WOOF) executive Patrick J. Venezia?
The filing states that Patrick J. Venezia has 398,832 outstanding RSUs granted under Petco’s 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of Petco Class A common stock, providing additional potential future equity beyond his current share ownership.
What is the source of the RSUs involved in the Petco (WOOF) Form 4 filing?
The RSUs were granted to Patrick J. Venezia on March 4, 2025 under Petco’s 2021 Equity Incentive Plan. A portion of these RSUs vested on March 4, 2026, triggering the withholding of 32,792 shares to cover associated tax obligations as disclosed in the Form 4.