Michael A. Smith - May 7, 2022 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role: EVP - PRODUCTS
Signature: /s/ R. Michael Herrman, as attorney-in-fact
Stock symbol: PETQ
Transactions as of: May 7, 2022
Transactions value $: -$31,984
Form type: 4
Date filed: 5/10/2022, 07:43 PM
Previous filing: Mar 15, 2022
Next filing: May 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PETQ	Class A Common Stock	Options Exercise	$0	+6.25K	+38.59%	$0.00	22.4K	May 7, 2022	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	-$32K	-1.96K	-8.71%	$16.36	20.5K	May 7, 2022	Direct	F2

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	-6.25K	-25%	$0.00	18.8K	May 7, 2022	Class A Common Stock	6.25K		Direct	F3, F4

* 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	Shares withheld to satisfy minimum tax withholding requirements upon vesting of RSUs.
F3	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock.
F4	The RSU's vest in approximately equal installments on each of the first four anniversaries of May 07, 2021, subject to the reporting person's continuous service as an employee of the Issuer.