Stacy Bowman - Mar 4, 2022 Form 4 Insider Report for Chewy, Inc. (CHWY)

Role
Principal Accounting Officer
Signature
/s/ Susan Helfrick, as Attorney-in-Fact for Stacy Bowman
Stock symbol
CHWY
Transactions as of
Mar 4, 2022
Transactions value $
-$74,198
Form type
4
Date filed
3/8/2022, 04:10 PM
Previous filing
Jan 3, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHWY Class A Common Stock Tax liability -$74.2K -1.57K -1.06% $47.14 148K Mar 4, 2022 Direct F1
holding CHWY Class A Common Stock 4.77K Mar 4, 2022 Direct F2
holding CHWY Class A Common Stock 215K Mar 4, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to cover tax withholding obligations in connection with the vesting of restricted stock units.
F2 Represents restricted stock units granted to the filing person on April 5, 2021. Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The time-vesting condition will be satisfied with respect to 50% of these restricted stock units on September 1, 2023, 25% of such restricted stock units will vest on March 1, 2024, and 12.5% of such restricted stock units will vest on each six- month anniversary thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date.
F3 Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The time-vesting condition will be satisfied with respect to 33.33% of these restricted stock units on June 13, 2022 and at the end of each six-month period thereafter, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. The share price condition will be satisfied with respect to a percentage of these restricted stock units, as and when the price per share of Class A common stock specified in Chewy, Inc.'s Registration Statement on Form S-1 (File No. 333-231095), as amended, is achieved, on a weighted-average basis, on every trading day during a consecutive 45-day trading period completed prior to December 14, 2024, subject to the filing person's continued employment with Chewy, Inc. through the applicable vesting date. The share price condition has been satisfied with respect to 100% of these restricted stock units.