Chewy, Inc. Chief Executive Officer and Director Sumit Singh filed a Form 4 on November 2, 2026, reporting shares of Class A common stock withheld on October 30, 2026, to satisfy tax obligations upon the net settlement of vested restricted stock units.

Key Highlights

  • Transaction date: October 30, 2026, with 15,462 shares of Class A common stock withheld from Singh directly at $20.83 per share to cover tax withholding on vested RSUs.
  • Spouse shares withheld: An additional 2,172 shares held indirectly through Singh's spouse were withheld at $20.83 per share for the same tax-withholding purpose on RSU vesting.
  • Non-market transactions: According to the filing, both withholding transactions "do not represent a market transaction" and are exempt from Section 16(b) under Rule 16b-3(e).
  • Beneficial ownership after transactions: Singh directly holds 922,120 shares following the reported transactions, with 130,709 shares held indirectly by spouse after the withholding.
  • Multiple unvested equity grants: The filing lists numerous additional RSU and PRSU holdings - both direct and through spouse - spanning grants made between 2023 and 2026, with vesting dates ranging from December 1, 2026 through March 1, 2028.
  • Issuer and exchange: Chewy, Inc. is listed on NYSE:CHWY, as stated in the filing.

Sumit Singh's RSU Tax Withholding and Equity Holdings at Chewy

According to the Form 4 filed with the SEC on November 2, 2026, Sumit Singh, the Chief Executive Officer and a Director of Chewy, Inc. (NYSE:CHWY), reported two withholding transactions dated October 30, 2026. The filing uses transaction code "F," indicating shares withheld by the issuer to satisfy tax withholding obligations tied to the net settlement of vested RSUs. The price applied to both transactions was $20.83 per share.

The first transaction involved 15,462 shares withheld directly from Singh, reducing his direct beneficial ownership to 922,120 shares of Class A common stock. The second involved 2,172 shares withheld in connection with RSUs vesting for his spouse, leaving 130,709 shares beneficially owned indirectly through the spouse. The filing states that both transactions are "exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3(e) promulgated thereunder."

Beyond the reported transactions, the filing discloses a substantial number of unvested equity awards held both directly by Singh and indirectly through his spouse. Direct holdings include RSUs and PRSUs granted in April 2026, January 2024, April 2024, and April 2025, with vesting conditions tied to continued employment and, for certain PRSUs, to Compensation Committee certification of performance goals. Indirect holdings through Singh's spouse cover RSU and PRSU grants from 2023 through 2026, with a range of vesting schedules extending through December 2028.

What Was Disclosed

The filing reported two tax-withholding share forfeitures on October 30, 2026 - 15,462 shares direct and 2,172 shares indirect via spouse - at $20.83 per share upon RSU vesting, along with detailed disclosure of multiple outstanding RSU and PRSU grants held directly and indirectly.