Susan Helfrick - Dec 13, 2022 Form 4 Insider Report for Chewy, Inc. (CHWY)

Signature
/s/ Susan Helfrick
Stock symbol
CHWY
Transactions as of
Dec 13, 2022
Transactions value $
-$3,216,889
Form type
4
Date filed
12/15/2022, 03:19 PM
Previous filing
Aug 10, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHWY Class A Common Stock Sale -$2.42M -52.4K -26.41% $46.24 146K Dec 13, 2022 Direct F1
transaction CHWY Class A Common Stock Sale -$796K -18.6K -12.75% $42.79 127K Dec 14, 2022 Direct F2
holding CHWY Class A Common Stock 89.6K Dec 13, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $46.20 to $46.54, inclusive. The reporting person undertakes to provide to Chewy, Inc., any securityholder of Chewy, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
F2 Represents shares sold to satisfy tax liability upon the vesting of restricted stock units.
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 June 13, 2023, subject to the filing person's continued employment with Chewy, Inc. through such 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 these restricted stock units.