Holly May - Apr 15, 2024 Form 4 Insider Report for Petco Health & Wellness Company, Inc. (WOOF)

Role: Chief Human Resources Officer
Signature: /s/ Giovanni Insana, as Attorney-in-Fact
Stock symbol: WOOF
Transactions as of: Apr 15, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/17/2024, 07:12 PM
Previous filing: Feb 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOOF	Class A Common Stock	Award	$0	+1.52M		$0.00	1.52M	Apr 15, 2024	Direct	F1
transaction	WOOF	Class A Common Stock	Award	$0	+500K	+33%	$0.00	2.02M	Apr 15, 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WOOF	Performance Stock Unit	Award	$0	+146K		$0.00	146K	Apr 15, 2024	Class A Common Stock	146K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 1,515,152 restricted stock units ("RSUs") granted under the Petco Health and Wellness Company, Inc. 2021 Equity Incentive Plan (as amended, the "2021 Plan"). Each RSU represents the right to receive one share of Class A common stock of the Issuer. The RSUs will vest in the following installments: (i) 10% on the first anniversary of 04/15/2024 (the "Grant Date"); (ii) 20% on the second anniversary of the Grant Date; (iii) 30% on the third anniversary of the Grant Date; and (iv) 40% on the fourth anniversary of the Grant Date.
F2	Represents 500,000 RSUs granted under the 2021 Plan. Each RSU represents the right to receive one share of Class A common stock of the Issuer. The RSUs will vest in the following installments: (i) 34% on the first anniversary of the Grant Date; (ii) 16.5% on the date that is 18 months following the Grant Date; (iii) 16.5% on the second anniversary of the Grant Date; (iv) 16.5% on the date that is 30 months following the Grant Date; and (v) 16.5% on the third anniversary of the Grant Date.
F3	Represents the target number of performance stock units ("PSUs") granted under the 2021 Plan. The PSUs represent the right to receive shares of Class A common stock of the Issuer in an amount from 0% to 200% of the target number of PSUs granted. The actual number of PSUs earned will be determined following a performance period ending January 30, 2027, based on the Issuer's total shareholder return during the performance period and subject to continued employment through the vesting date.