On September 19, 2024, Chewy, Inc. entered into an Underwriting Agreement with Buddy Chester Sub LLC, affiliated with BC Partners, and Morgan Stanley & Co. LLC, for a secondary offering of 16,666,667 shares of Class A common stock at $30.00 per share. The Seller also granted a 30-day option for an additional 2,500,000 shares. Chewy did not sell any shares nor receive proceeds from this offering, which closed on September 23, 2024. Concurrently, Chewy repurchased $300 million worth of Class A common stock from the Seller, totaling 10,204,081 shares, which were then cancelled and retired. This repurchase was approved by a special committee of the Board of Directors and closed on the same day as the offering. The transactions were accompanied by customary legal agreements and indemnifications.

On September 19, 2024, Chewy, Inc. entered into an Underwriting Agreement with Buddy Chester Sub LLC, affiliated with BC Partners, and Morgan Stanley & Co. LLC, for a secondary offering of 16,666,667 shares of Class A common stock at $30.00 per share. The Seller also granted a 30-day option for an additional 2,500,000 shares. Chewy did not sell any shares nor receive proceeds from this offering, which closed on September 23, 2024. Concurrently, Chewy repurchased $300 million worth of Class A common stock from the Seller, totaling 10,204,081 shares, which were then cancelled and retired. This repurchase was approved by a special committee of the Board of Directors and closed on the same day as the offering. The transactions were accompanied by customary legal agreements and indemnifications.