Smallwood Garrett, CEO of an undisclosed company, has demonstrated a clear selling bias in recent months, with all 13 of his latest transactions involving disposals of shares in Petco Health and Wellness Company (PET). Between January 24 and February 20, 2024, Garrett executed a series of sales totaling approximately $243,203, with no offsetting purchases during this period. The largest single sale occurred on February 15, when he disposed of shares worth $105,479, followed by a $31,486 transaction on February 20. Smaller but consistent sales occurred nearly every trading day throughout this window, including multiple transactions in the $20,000–$27,500 range between February 12–14.
The pattern shows Garrett systematically reducing his PET position through both open-market sales (coded "S") and sales to cover tax obligations (coded "M"). While the dollar amounts vary significantly—from minor dispositions of $200 to six-figure transactions—the consistency of the selling activity is notable. The transactions coincide with PET shares trading between approximately $2.50 and $3.50 during this period. Garrett’s trading history, which includes $8,995 in total buys versus $243,203 in sales across all filings, suggests a long-term trend of net divestment rather than accumulation in this position. The absence of any recent buying activity reinforces this directional bias.
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