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Chewy executive conducted insider trading over pet insurance partnership, SEC says
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Chewy executive conducted insider trading over pet insurance partnership, SEC says
Oct 3, 2024 12:02 AM

Sept 27 (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 on

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, Kauh purchased Trupanion

shares resulting in gains of $16,437 across two accounts after

the partnership was announced, the SEC said.

(Reporting by Hannah Lang in New York)

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