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

Role
Chief Technology Officer
Signature
/s/ Susan Helfrick, as Attorney-in-Fact for Satish Mehta
Stock symbol
CHWY
Transactions as of
Dec 14, 2022
Transactions value $
-$2,691,338
Form type
4
Date filed
12/16/2022, 04:03 PM
Previous filing
Dec 7, 2022
Next filing
Dec 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHWY Class A Common Stock Sale -$1.35M -31.5K -6.67% $42.79 440K Dec 14, 2022 Direct F1
transaction CHWY Class A Common Stock Sale -$1.35M -33.2K -7.55% $40.48 407K Dec 15, 2022 Direct F1
holding CHWY Class A Common Stock 10K Dec 14, 2022 Direct F2
holding CHWY Class A Common Stock 134K Dec 14, 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.