Jason Heffelfinger - Aug 8, 2022 Form 3 Insider Report for Petco Health & Wellness Company, Inc. (WOOF)

Role: Chief Services Officer
Signature: /s/ Ilene Eskenazi, as Attorney-in-Fact
Stock symbol: WOOF
Transactions as of: Aug 8, 2022
Transactions value $: $0
Form type: 3
Date filed: 8/15/2022, 08:38 PM
Next filing: Dec 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WOOF	Class A Common Stock						31.7K	Aug 8, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	WOOF	Employee Stock Option (right to buy)							Aug 8, 2022	Class A Common Stock	30K	$18.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 28,790 restricted stock units ("RSUs") granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (the "2021 Plan"). Each RSU represents the right to receive one share of Class A common stock of the Issuer ("Class A Common Stock"). 13,476 outstanding RSUs will vest in equal installments on each of 1/13/2023, 7/13/2023, and 1/13/2024. The remaining 15,314 outstanding RSUs will vest in the following installments: (i) 34% on the first anniversary of 3/18/2022 (the "RSU Grant Date"); (ii) 16.5% on the date that is 18 months following the RSU Grant Date; (iii) 16.5% on the second anniversary of the RSU Grant Date; (iv) 16.5% on the date that is 30 months following the RSU Grant Date; and (v) 16.5% on the third anniversary of the RSU Grant Date.
F2	Represents options to purchase Class A Common Stock granted under the 2021 Plan. The options vested and will vest in the following installments: (i) 34% on the first anniversary of 1/13/2021 (the "Option Grant Date"); (ii) 16.5% on the date that is 18 months following the Option Grant Date; (iii) 16.5% on the second anniversary of the Option Grant Date; (iv) 16.5% on the date that is 30 months following the Option Grant Date; and (v) 16.5% on the third anniversary of the Option Grant Date.

Content

Includes 28,790 restricted stock units ("RSUs") granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (the "2021 Plan"). Each RSU represents the right to receive one share of Class A common stock of the Issuer ("Class A Common Stock"). 13,476 outstanding RSUs will vest in equal installments on each of 1/13/2023, 7/13/2023, and 1/13/2024. The remaining 15,314 outstanding RSUs will vest in the following installments: (i) 34% on the first anniversary of 3/18/2022 (the "RSU Grant Date"); (ii) 16.5% on the date that is 18 months following the RSU Grant Date; (iii) 16.5% on the second anniversary of the RSU Grant Date; (iv) 16.5% on the date that is 30 months following the RSU Grant Date; and (v) 16.5% on the third anniversary of the RSU Grant Date.

Represents options to purchase Class A Common Stock granted under the 2021 Plan. The options vested and will vest in the following installments: (i) 34% on the first anniversary of 1/13/2021 (the "Option Grant Date"); (ii) 16.5% on the date that is 18 months following the Option Grant Date; (iii) 16.5% on the second anniversary of the Option Grant Date; (iv) 16.5% on the date that is 30 months following the Option Grant Date; and (v) 16.5% on the third anniversary of the Option Grant Date.

Remarks:

Exhibit 24.1 - Power of Attorney