Dominic Blosil - Aug 2, 2021 Form 4 Insider Report for Traeger, Inc. (COOK)

Role: Chief Financial Officer
Signature: By: /s/ Thomas Burton, Attorney-in-fact
Stock symbol: COOK
Transactions as of: Aug 2, 2021
Transactions value $: -$1,751,846
Form type: 4
Date filed: 8/4/2021, 06:39 PM
Previous filing: Jul 29, 2021
Next filing: Feb 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COOK	Common Stock	Sale	-$1.75M	-104K	-16.93%	$16.92	508K	Aug 2, 2021	Direct
transaction	COOK	Common Stock	Award	$0	+358K	+70.4%	$0.00	866K	Aug 2, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	COOK	Performance-Based Restricted Stock Unit	Award	$0	+153K		$0.00	153K	Aug 2, 2021	Common Stock	153K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest with respect to 50% of the underlying shares on August 2, 2024, and with respect to the remaining 50% of the underlying shares on August 2, 2025, subject to continued service through each vesting date.
F2	Represents an award of Performance-Based Restricted Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Common Stock and is eligible to be earned based upon the Issuer's Common Stock achieving a specified average price per share measured over any 60 consecurtive trading-day period. The PSUs with respect to 76,667 underlying shares are elible to be earned upon the achievement of an average price per share of $36.00, and with respect to the remaining 76,666 underlying shares upon the achievement of an average price per share of $54.00. Earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2022 and the date on which the average price per share is achieved, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2023 and the first anniversary of the date on which the average price per share is achieved.

Content

Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest with respect to 50% of the underlying shares on August 2, 2024, and with respect to the remaining 50% of the underlying shares on August 2, 2025, subject to continued service through each vesting date.

Represents an award of Performance-Based Restricted Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Common Stock and is eligible to be earned based upon the Issuer's Common Stock achieving a specified average price per share measured over any 60 consecurtive trading-day period. The PSUs with respect to 76,667 underlying shares are elible to be earned upon the achievement of an average price per share of $36.00, and with respect to the remaining 76,666 underlying shares upon the achievement of an average price per share of $54.00. Earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2022 and the date on which the average price per share is achieved, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2023 and the first anniversary of the date on which the average price per share is achieved.