The SEC announced on Friday that a former Chewy executive agreed to pay $35,275 to settle insider trading charges dating back to 2021.
The SEC alleged that Austin Kauh, the former CFO of Chewy (CHWY), obtained significant non-public information about Chewy's negotiations with pet insurance provider Trupanion (TRUP, Financial) in 2021. Kauh purchased Trupanion stock during the negotiations and subsequently profited $16,437 from two accounts following the public announcement of the partnership.