Former Chewy executive settles insider trading case

(Reuters) — A former Chewy executive will pay $35,275 to settle U.S. Securities and Exchange Commission insider trading charges dating from 2021, the regulator said Friday.

Austin Kauh, who had been Chewy’s director of treasury, allegedly obtained material nonpublic information about partnership negotiations between Chewy and pet insurance provider Trupanion in 2021.

During the negotiation period, Mr. Kauh purchased Trupanion shares resulting in gains of $16,437 across two accounts after the partnership was announced, the SEC said.