BC Partners affiliate sells 18.2M Chewy shares in secondary; Chewy buys back $50M of those shares

Chewy, Inc.

Buddy Chester Sub LLC (BC Partners) sold 18,230,818 Class A shares at $31.54/share; Chewy received no proceeds.
Chewy repurchased 1,596,424 Class A shares from the same seller for $50M at the offering price; shares were retired.
The secondary offering and stock repurchase closed on December 13, 2024; repurchase approved by a special committee of independent directors.
Chewy did not sell any shares in the offering; the repurchase was outside the company's existing buyback program.

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