Can H1B transfer be done right before I-94 expiry while H1B extension is in progress?


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Hi Everyone, 

Here is my situation:

- My current H1B visa is expiring on August 2nd and I-94 is expiring 10 days later on August 12th.
- My current employer A has filed for my H1B extension in regular processing.
- I have an offer with a good company, employer B and they are planning to file my H1B transfer in premium processing, most likely right before August 12th.

Here are my question:
1. Would it be okay if the prospective employer B files the H1B transfer just couple of days before August 12th, which is when my current I-94 would expire ?

2. This would most likely mean that result of my H1B transfer with employer B would come only after my current I-94 expires and while H1B extension with current employer is still pending. Would this be okay ?

Please let me know your thoughts.

Thank you

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