H1B to H4 COS

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My wife has been working with H4 EAD for a Company and got her H1B thru lottery this year. Her H4 EAD is valid until 2023. She is looking to move jobs and found a new Company who want to recruit her but rejected as they did not want to do H1 Transfer currently.

1. Can she initiate H1 to H4 COS while working with the current company?

2. What is the current timeline for H1 to H4 COS?

3. If I move jobs and my H1 transfer is initiated, can I apply for my wife's H1 to H4 COS along with my application? What happens to her H1 in this scenario? What's the timeline for the approval in this case?

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