Zvi Glasman - Jan 3, 2023 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ R. Michael Herrman, as attorney-in-fact
Stock symbol: PETQ
Transactions as of: Jan 3, 2023
Transactions value $: -$48,119
Form type: 4
Date filed: 1/11/2023, 05:32 PM
Previous filing: May 24, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PETQ	Class A Common Stock	Options Exercise		+9.13K	+93.14%		18.9K	Jan 3, 2023	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	-$48.1K	-5.12K	-27.04%	$9.40	13.8K	Jan 3, 2023	Direct	F2
holding	PETQ	Class A Common Stock						1.6K	Jan 3, 2023	Through Zvi and Marlise Glasman Family Trust	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	Options Exercise	$0	-9.13K	-25%	$0.00	27.4K	Jan 3, 2023	Class A Common Stock	9.13K		Direct	F4, F5

* 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	The shares of Class A Common Stock are held by Zvi and Marlise Glasman Family Trust ("Trust"), of which the Reporting Person and his spouse are trustees and beneficiaries.
F4	Each RSU represents a contingent right to receive one share of Class A Common Stock.
F5	The RSUs 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.