Mario Jesus Marte - Jan 13, 2023 Form 4 Insider Report for Chewy, Inc. (CHWY)

Role
Chief Financial Officer
Signature
/s/ Susan Helfrick, as Attorney-in-Fact for Mario Jesus Marte
Stock symbol
CHWY
Transactions as of
Jan 13, 2023
Transactions value $
-$1,721,251
Form type
4
Date filed
1/17/2023, 03:12 PM
Previous filing
Jan 13, 2023
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHWY Class A Common Stock Sale -$1.72M -39.3K -15.95% $43.81 207K Jan 13, 2023 Direct F1
holding CHWY Class A Common Stock 15K Jan 13, 2023 Direct F2
holding CHWY Class A Common Stock 179K Jan 13, 2023 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 purchased in multiple transactions in prices ranging from $43.77-43.94, inclusive. The filing person undertakes to provide to Chewy, Inc., any security holder of Chewy, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 1 to this Form 4.
F2 Represents restricted stock units ("RSUs") granted to the filing person on April 5, 2021. Each RSU represents a contingent right to receive one share of Class A common stock of Chewy, Inc. The RSUs will vest on March 1, 2023, subject to the filing person's continued employment with Chewy, Inc. through the vesting date.
F3 Represents RSUs. Each RSU 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 RSUs, 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 RSUs.