Billings William G. 4

What Happened
William G. Billings, Chief Accounting Officer of Chewy, was awarded 32,571 restricted stock units (RSUs) on April 8, 2026. The RSUs were granted at an acquisition price of $0 (typical for equity compensation); they represent contingent rights to receive one share of Class A common stock per RSU upon vesting.

Key Details

• Transaction date and type: April 8, 2026 — Award/Grant (RSUs). Acquisition price reported: $0.
• Shares reported in this filing: 32,571 RSUs granted. Total cash value at grant: $0 reported (market value realized only upon vesting/exchange).
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes:
  • F1: The 32,571 RSUs (this grant) are time‑vested: 25% vest on March 1, 2027, then 6.25% on each three‑month anniversary thereafter, subject to continued employment.
  • F2–F5: The filing also references prior grants (performance RSUs granted 4/8/2025 that were certified by the Compensation Committee on 3/5/2026 and vest 3/1/2028, and several earlier RSU grants from 9/20/2024 and 4/8/2025 with staggered vesting schedules).
• Filing timeliness: Reported on April 10, 2026 for an April 8, 2026 transaction — appears to be filed within the typical two‑business‑day Form 4 window.

Context
This was a compensation award (RSUs), not a purchase or sale. RSUs have no immediate cash outlay and convert into shares only if and when vesting conditions are met (time‑based or performance‑based, and typically conditioned on continued employment). Performance‑based RSUs (PRSUs) referenced in the filing were certified as eligible for vesting by the board’s Compensation Committee.