Petco CEO transfers 705K shares between trusts
The transfer changed the reported trust positions: the Revocable Trust held 87,233 shares and the 2020 Trust held 3,134,235 shares afterward.
Rhea-AI Filing Summary
Petco Health & Wellness Company, Inc. (symbol: WOOF) is the issuer of record for a Form 4 filing submitted to the SEC. Anderson Joel D reported disposition transactions in this Form 4 filing.
Petco Health & Wellness Company, Inc. CEO Joel D. Anderson reported that the Revocable Trust contributed 705,000 Class A common shares to the 2020 Trust on September 22, 2026. In exchange, the Revocable Trust withdrew an amount equal to $2.37 per share from the 2020 Trust. Anderson believes the contribution constitutes a change in the form of beneficial ownership exempted by Rule 16a-13. As of September 22, 2026, reported holdings were 87,233 shares through the Revocable Trust, 3,134,235 through the 2020 Trust, 229,204 through the 2025 Trust and 1,361,684 direct shares, including 1,347,723 outstanding RSUs.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 705,000 | $2.37 | $1.67M |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. On September 22, 2026, the reporting person contributed 705,000 shares of Petco common stock from the Revocable Trust into the 2020 Trust. In exchange for the shares, the Revocable Trust withdrew an amount equal to $2.37 per share from the 2020 Trust. The contribution of shares to the 2020 Trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the Revocable Trust and a corresponding increase in the number of shares the reporting person beneficially owns indirectly through the 2020 Trust. The reporting person believes that this contribution of shares to the 2020 Trust constitutes a change in the form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
- F2. On August 4, 2026 and September 15, 2026, respectively, 246,269 and 285,061 shares of Class A common stock of the Issuer were transferred from the reporting person's direct holdings into the Revocable Trust.
- F3. Includes 1,347,723 outstanding restricted stock units ("RSUs") granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer.
Key Figures
Key Terms
change in the form of beneficial ownership regulatory
Rule 16a-13 regulatory
restricted stock units (RSUs) financial
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