Satish Mehta - 14 Dec 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 Dec 2022
Net transactions value
-$2,691,338
Form type
4
Filing time
16 Dec 2022, 16:03:55 UTC
Previous filing
07 Dec 2022
Next filing
15 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 $1,345,680 -31,452 -6.7% $42.79 440,360 14 Dec 2022 Direct F1
transaction CHWY Class A Common Stock Sale $1,345,658 -33,240 -7.5% $40.48 407,120 15 Dec 2022 Direct F1
holding CHWY Class A Common Stock 10,000 14 Dec 2022 Direct F2
holding CHWY Class A Common Stock 134,430 14 Dec 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 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.