Form 4: Petco CEO Joel D. Anderson Reports Beneficial Ownership Changes
SEC Form 4 Filing
Petco's CEO, Joel D. Anderson, reports changes in beneficial ownership of Class A Common Stock through recent transactions.
Summary
- On March 28, 2025, Joel D. Anderson acquired 736,547 shares of Class A Common Stock at a price of $2.91.
- On March 31, 2025, he acquired 116,757 shares of Class A Common Stock at $3.03 through a 2020 Trust.
- On March 31, 2025, he acquired 724,910 shares of Class A Common Stock at $3.03 through a 2025 Trust.
- On March 31, 2025, he acquired 7,874 shares of Class A Common Stock at $3.03 through his son.
- Following these transactions, Anderson directly owns 3,220,181 shares of Class A Common Stock and indirectly owns 853,304 shares through the 2020 Trust and 724,910 shares through the 2025 Trust and 7,874 shares through his son.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares suggests confidence, but it's a single data point and doesn't guarantee future performance.
Positives
- The CEO's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider trading activity is closely monitored as it can provide insights into management's perspective on the company's valuation and future performance. Purchases are generally seen as a positive sign.
Stakeholder Impact
- Shareholders may view the CEO's stock purchases as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 03/28/2025 | Purchase of 736,547 shares of Class A Common Stock at $2.91 per share. |
| 03/31/2025 | Purchase of 116,757 shares of Class A Common Stock at $3.03 per share through 2020 Trust. |
| 03/31/2025 | Purchase of 724,910 shares of Class A Common Stock at $3.03 per share through 2025 Trust. |
| 03/31/2025 | Purchase of 7,874 shares of Class A Common Stock at $3.03 per share through his son. |
| 04/01/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, Joel D. Anderson, Petco, WOOF, Class A Common Stock, insider trading
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