The U.S. Securities and Exchange Commission (SEC) announced a settlement of insider trading charges against Austin Kauh, a former executive at Chewy, Inc. The charges stem from Kauh's trading activity prior to the public announcement of Chewy's partnership with Trupanion, Inc. in December 2021.
According to the SEC's order, Kauh was a member of Chewy's due diligence team and gained confidential information regarding the planned collaboration. This information pertained to Trupanion offering an exclusive suite of pet health insurance and wellness products through Chewy.
Austin Kauh agreed to pay $35,275 to resolve the insider trading charges. The settlement addresses the regulatory concerns surrounding the use of non-public information in connection with the significant partnership between Chewy and Trupanion.
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