Michael A. Smith - 25 Feb 2023 Form 4 Insider Report for PetIQ, Inc.

Role: PRESIDENT
Signature: /s/ R. Michael Herrman, as attorney-in-fact
Issuer symbol: N/A
Transactions as of: 25 Feb 2023
Net transactions value: -$28,373
Form type: 4
Filing time: 28 Feb 2023, 16:49:29 UTC
Previous filing: 07 Sep 2022
Next filing: 03 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PETQ	Class A Common Stock	Options Exercise		+5,952	+16%		44,107	25 Feb 2023	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	$28,373	-2,866	-6.5%	$9.90	41,241	25 Feb 2023	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	-5,952	-25%	$0.000000	17,858	25 Feb 2023	Class A Common Stock	5,952		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 RSU represents a contingent right to receive one share of Class A Common Stock.
F4	The RSUs vest in approximately equal installments on each of the first four anniversaries of February 25, 2022, subject to the reporting person's continuous service as an employee of the Issuer.