Satish Mehta - 14 Jun 2022 Form 4 Insider Report for Chewy, Inc. (CHWY)

Role
Chief Technology Officer
Signature
/s/ Susan Helfrick, as Attorney-in-Fact for Satish Mehta
Issuer symbol
CHWY
Transactions as of
14 Jun 2022
Net transactions value
-$1,633,019
Form type
4
Filing time
16 Jun 2022, 16:43:11 UTC
Previous filing
08 Mar 2022
Next filing
07 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHWY Class A Common Stock Sale $1,633,019 -60,075 -15% $27.18 337,382 14 Jun 2022 Direct F1
holding CHWY Class A Common Stock 10,000 14 Jun 2022 Direct F2
holding CHWY Class A Common Stock 268,860 14 Jun 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 sold to satisfy tax liability upon 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 restricted stock units will vest on March 1, 2023, subject to the filing person's continued employment with Chewy, Inc. through the 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 50% of these restricted stock units on December 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.