Satish Mehta - Mar 2, 2023 Form 4 Insider Report for Chewy, Inc. (CHWY)

Signature
/s/ Susan Helfrick, as Attorney-in-Fact for Satish Mehta
Stock symbol
CHWY
Transactions as of
Mar 2, 2023
Transactions value $
-$184,203
Form type
4
Date filed
3/6/2023, 03:07 PM
Previous filing
Dec 15, 2022
Next filing
Apr 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHWY Class A Common Stock Sale -$184K -4.64K -1.11% $39.74 412K Mar 2, 2023 Direct F1
holding CHWY Class A Common Stock 134K Mar 2, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents "sell to cover" sales effected pursuant to a Rule 10b5-1 trading plan adopted by the filing person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
F2 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.