Home / Restatements / PETMED EXPRESS INC
Filed 2025-10-07 路 Form 8-K 路 Accession 0001040130-25-000064 micro
Price before filing: $2.55 (2025-10-06 close, split/dividend-adjusted)
Market cap at flag: $53.4M (2025-10-07) 路 Latest: $25.6M (2026-10-16)
| Window | PETS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -3.9% | -0.2% | -3.7% | 2025-11-06 |
| 90 days | +29.0% | +2.7% | +26.3% | 2026-01-05 |
| 180 days | -7.8% | -1.3% | -6.5% | 2026-04-06 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders bought $944K (5 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-07-17 | Silvercape Investments Ltd 10% owner | Purchase | 31,701 | $3.15 | $100K | no | Form 4 |
| 2025-07-18 | Silvercape Investments Ltd 10% owner | Purchase | 17,565 | $3.23 | $57K | no | Form 4 |
| 2025-07-21 | NINA CAPITAL HOLDINGS INC. (+2 joint filers) 10% owner | Purchase | 25,000 | $3.50 | $87K | no | Form 4 |
| 2025-08-01 | Silvercape Investments Ltd 10% owner | Purchase | 118,200 | $3.21 | $379K | no | Form 4 |
| 2025-08-13 | Silvercape Investments Ltd 10% owner | Purchase | 101,000 | $3.17 | $320K | no | Form 4 |
| 2025-10-07: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-07-09 to 2025-11-06. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(a) On October 1, 2025, the Company's Audit Committee, in consultation with management and RSM US LLP, the Company's independent registered public accounting firm ("RSM"), concluded that the financial statements for the years ended March 31, 2024 and 2023, as included in the Annual Report on Form 10-K for the year ended March 31, 2024 (the "2024 Annual Report"), along with the unaudited condensed consolidated..."
Quoted from the filing. Source
The company says previously issued financial statements (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Scope: previously issued financial statements
Why this score: also within 90 days: Auditor change, Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
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