McCord Christensen - Mar 1, 2022 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ R. Michael Herrman, as attorney-in-fact
Stock symbol: PETQ
Transactions as of: Mar 1, 2022
Transactions value $: -$37,737
Form type: 4
Date filed: 3/3/2022, 04:38 PM
Previous filing: Mar 1, 2022
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PETQ	Class A Common Stock	Options Exercise		+6.66K	+11.68%		63.7K	Mar 1, 2022	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	-$37.7K	-2.06K	-3.24%	$18.31	61.6K	Mar 1, 2022	Direct

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	Options Exercise	$0	-6.66K	-25%	$0.00	20K	Mar 1, 2022	Class A Common Stock	6.66K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Settlement of restricted stock units ("RSU") into shares of Class A common stock.
F2	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock.
F3	The RSUs vest in approximately equal installments on each of the first four anniversaries of March 12, 2020, subject to the reporting person's continuous service as an employee of the Issuer.