H1B Transfer Status


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Hello All,

I wanted to know if I will be out of status or if I am safe.

Scenario is that my current H1B (from company A) expires on September 5th 2017. I did not file for extension from Company A hoping that I will get full time job and I did get an offer from Company B and they sent my H1B visa transfer and extension packet to USCIS yesterday 8/21/17. Will it be fine if I dont get receipt number before September 5th, what is the status if I dont get receipt number by September 5th. 

What is the timeline for getting receipt number, I know that we can work for other company without receipt number but I want to know the timeline for receipt number.

Please let me know. Thank you all in advance.

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