Zvi Glasman - Oct 24, 2024 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role
Chief Financial Officer
Signature
/s/ Patrick Jones, by power of attorney
Stock symbol
PETQ
Transactions as of
Oct 24, 2024
Transactions value $
$0
Form type
4
Date filed
10/28/2024, 03:10 PM
Previous filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PETQ Class A Common Stock Disposed to Issuer -9.8K -100% 0 Oct 25, 2024 Direct F1, F2
transaction PETQ Class A Common Stock Disposed to Issuer -16K -100% 0 Oct 25, 2024 See Footnote F1, F2, F3

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 PETQ Restricted Stock Unit Award $0 +21.3K $0.00 21.3K Oct 24, 2024 Class A Common Stock 21.3K Direct F4, F5
transaction PETQ Restricted Stock Unit Disposed to Issuer -18.3K -100% 0 Oct 25, 2024 Class A Common Stock 18.3K Direct F1, F4, F6, F7
transaction PETQ Restricted Stock Unit Disposed to Issuer -38.8K -100% 0 Oct 25, 2024 Class A Common Stock 38.8K Direct F1, F4, F7, F8
transaction PETQ Restricted Stock Unit Disposed to Issuer -35.9K -100% 0 Oct 25, 2024 Class A Common Stock 35.9K Direct F1, F4, F7, F9
transaction PETQ Restricted Stock Unit Disposed to Issuer -21.3K -100% 0 Oct 25, 2024 Class A Common Stock 21.3K Direct F1, F4, F5, F7
transaction PETQ Employee Stock Option (right to buy) Disposed to Issuer -36.5K -100% 0 Oct 25, 2024 Class A Common Stock 36.5K $16.00 Direct F1, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Zvi Glasman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On October 25, 2024, Gula Merger Sub, Inc. ("Merger Sub") completed its merger (the "Merger") with and into the Issuer pursuant to the Agreement and Plan of Merger, dated as of August 7, 2024 (the "Merger Agreement"), by and among the Issuer, Gula Buyer Inc. ("Parent") and Merger Sub.
F2 Immediately prior to the effective time of the Merger (the "Effective Time"), each share of Class A Common Stock was cancelled and exchanged for $31.00 per share.
F3 The reportable securities are held by The Zvi and Marlise Glasman Family Trust (the "Trust"). The Reporting Person and his spouse are the trustees and the beneficiaries of the Trust.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock.
F5 The RSUs will vest in approximately equal installments on each of the first four anniversaries of October 24, 2024, subject to the reporting person's continuous service as an employee of the Issuer.
F6 The RSUs vested or will vest in approximately equal installments on each of the first four anniversaries of January 3, 2022, subject to the reporting person's continuous service as an employee of the Issuer.
F7 At the Effective Time, each unvested RSU was cancelled and converted solely into the right to receive a cash payment of $31.00 per share of Class A Common Stock subject to such unvested RSU, subject to the terms and conditions of the Merger Agreement.
F8 The RSUs vested or will vest in approximately equal installments on each of the first four anniversaries of March 2, 2023, subject to the reporting person's continuous service as an employee of the Issuer.
F9 The RSUs will vest in approximately equal installments on each of the first four anniversaries of March 1, 2024, subject to the reporting person's continuous service as an employee of the Issuer.
F10 The option vested or will vest in approximately equal installments on each of the first four anniversaries of January 3, 2022, subject to the reporting person's continuous service as an employee of the Issuer.
F11 At the Effective Time, each option was cancelled and converted solely into the right to receive a cash payment equal to $31.00 per option share minus the per share exercise price of the of the option, subject to the terms and conditions of the Merger Agreement.