McCord Christensen - Mar 1, 2023 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, 2023
Transactions value $: -$16,512
Form type: 4
Date filed: 3/3/2023, 03:28 PM
Previous filing: Feb 28, 2023
Next filing: Mar 14, 2023

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	+8.05%		89.4K	Mar 1, 2023	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	-$16.5K	-1.62K	-1.82%	$10.18	87.7K	Mar 1, 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	-6.66K	-33.33%	$0.00	13.3K	Mar 1, 2023	Class A Common Stock	6.66K		Direct	F3, F4
transaction	PETQ	Restricted Stock Unit	Award	$0	+197K		$0.00	197K	Mar 2, 2023	Class A Common Stock	197K		Direct	F3, 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	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 March 1, 2021, subject to the reporting person's continuous service as an employee of the Issuer.
F5	The RSUs vest in approximately equal installments on each of the first four anniversaries of March 2, 2023, subject to the reporting person's continuous service as an employee of the Issuer.