H1 to H4 with EAD and Work till H4 Approved


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Hi,

I have H1B valid till Oct 2021 and My employer has submitted for H1B renewal. 
I have my i-140 also approved in 2018. 

I plan to covert my H1B to H4 and apply for EAD. I wish to work on H4-EAD. (my wife has a valid H1b till 2024)

Questions

1> Can I continue to work on the H4 Receipt?

2> Can I apply for H4 EAD along with the H4 application to avoid further delays?

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