Chewy to repurchase 24M shares of common stock from Buddy Chester Sub

On June 23, 2025, Chewy (CHWY) “entered into an Underwriting Agreement with Buddy Chester Sub LLC, an entity affiliated with funds advised by BC Partners PE LP and J.P. Morgan Securities LLC, relating to the offer and sale by the Seller of 23,952,096 shares of Class A common stock, par value $0.01 per share, of the Company, at a price to the public of $41.95 per share. In addition, the Seller granted the Underwriter a 30-day option to purchase up to an additional 3,592,815 shares of Class A Common Stock. On June 24, 2025, the Option was exercised by the Underwriter substantially in full. The Company did not sell any shares of Class A Common Stock in the Offering and did not receive any proceeds from the sale of the shares offered by the Seller. The Offering closed on June 25, 2025.”