Adam Storm - 09 Aug 2022 Form 4 Insider Report for Wag! Group Co. (PET)

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	PET	Options to purchase shares of Wag! Group Co. common stock	Award		+1,482,983			1,482,983	09 Aug 2022	Common Stock	1,482,983	$0.0900	Direct	F1, F3, F4
transaction	PET	Options to purchase shares of Wag! Group Co. common stock	Award		+46,343			46,343	09 Aug 2022	Common Stock	46,343	$0.1600	Direct	F2, F3

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

Id	Content
F1	The options to purchase shares of Wag! Group Co. (the "Issuer") common stock ("Options") vest in 48 equal monthly installments beginning on January 13, 2020.
F2	25% of the Options vested on January 13, 2021, with the subsequent Options vesting in 36 equal monthly installments thereafter.
F3	Upon the closing of the merger of Wag Labs, Inc. into CHW Merger Sub, Inc. with Wag Labs, Inc. being the surviving entity and becoming a subsidiary of Wag! Group Co. (the "Business Combination"), all shares of Wag! Labs, Inc. converted into Issuer shares on a 1 for 0.97 basis.
F4	The Business Combination Agreement provides that certain eligible company equity holders will receive earn-out shares as additional consideration for the company interests acquired in connection with the Business Combination, for no consideration, after certain triggering events as defined in the Business Combination Agreement. The reporting person's right to receive additional shares pursuant to this earn-out right became fixed on August 9, 2022, the effective date of the Business Combination.