Michael Herrman - Mar 12, 2023 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role
GENERAL COUNSEL AND SECRETARY
Signature
/s/ R. Michael Herrman
Stock symbol
PETQ
Transactions as of
Mar 12, 2023
Transactions value $
-$8,457
Form type
4
Date filed
3/14/2023, 04:34 PM
Previous 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 +1.83K +14.09% 14.9K Mar 12, 2023 Direct F1
transaction PETQ Class A Common Stock Tax liability -$6.2K -557 -3.75% $11.13 14.3K Mar 12, 2023 Direct F2
transaction PETQ Class A Common Stock Options Exercise +677 +4.74% 15K Mar 13, 2023 Direct F1
transaction PETQ Class A Common Stock Tax liability -$2.26K -206 -1.38% $10.96 14.8K Mar 13, 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 -1.83K -49.99% $0.00 1.84K Mar 12, 2023 Class A Common Stock 1.83K Direct F3, F4
transaction PETQ Restricted Stock Unit Options Exercise $0 -677 -100% $0.00* 0 Mar 13, 2023 Class A Common Stock 677 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 Restricted Stock Unit ("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 12, 2020, 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 13, 2019, subject to the reporting person's continuous service as an employee of the Issuer.