Anderson Joel D 4
4 · Petco Health & Wellness Company, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Petco CEO Joel Anderson Sells 1.58M Shares
What Happened Joel D. Anderson, CEO of Petco Health & Wellness Company (WOOF), reported an Other acquisition/disposition (code J) on March 13, 2026, disposing 1,575,931 shares of Petco Class A common stock at $3.49 per share, a total reported value of $5,499,999. The Form 4 treats this as a change in the form of beneficial ownership — shares were moved from the reporting person's Revocable Trust into a 2020 Trust rather than sold on the open market.
Key Details
- Transaction date: March 13, 2026; Report filed: March 17, 2026.
- Shares: 1,575,931 shares reported disposed at $3.49 each; total value reported $5,499,999.
- Reported as code J ("Other acquisition or disposition"); filing explains this was a transfer between trusts, not a market sale.
- Footnotes: (F1) Transfer from Revocable Trust into the 2020 Trust and corresponding cash withdrawal of $3.49/share from the 2020 Trust; (F2) on March 9, 2026, 1,341,128 shares were moved from direct holdings into the Revocable Trust; (F3) Anderson holds 1,879,053 outstanding RSUs under the company's 2021 Equity Incentive Plan.
- The filing does not state an updated total of Anderson’s beneficially owned shares across all holdings in this Form 4.
Context This was a transfer between trusts that the filer believes is exempt under Rule 16a-13 of the Exchange Act. Transfers between related trusts or changes in the form of ownership are generally administrative and do not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
- Other
Class A Common Stock
[F1][F2]2026-03-13$3.49/sh−1,575,931$5,499,999→ 260,903 total(indirect: By Trust)
- 1,890,153
Class A Common Stock
[F3] - 2,429,235(indirect: By Trust)
Class A Common Stock
[F1] - 229,204(indirect: By Trust)
Class A Common Stock
Footnotes (3)
- [F1]On March 13, 2026, the reporting person contributed 1,575,931 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 $3.49 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 March 9, 2026, 1,341,128 shares of Class A common stock of the Issuer were transferred from the reporting person's direct holdings into the Revocable Trust.
- [F3]Includes 1,879,053 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.