Michael A. Smith - 01 Mar 2024 Form 4 Insider Report for PetIQ, Inc.

Role: PRESIDENT & COO
Signature: /s/ Patrick Jones, by power of attorney
Issuer symbol: N/A
Transactions as of: 01 Mar 2024
Net transactions value: -$99,495
Form type: 4
Filing time: 05 Mar 2024, 17:29:06 UTC
Previous filing: 27 Feb 2024
Next filing: 14 Mar 2024
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		+1,753	+3.3%		54,523	01 Mar 2024	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	$9,189	-529	-0.97%	$17.37	53,994	01 Mar 2024	Direct	F2
transaction	PETQ	Class A Common Stock	Options Exercise		+17,241	+32%		71,235	02 Mar 2024	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	$90,307	-5,199	-7.3%	$17.37	66,036	02 Mar 2024	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	-1,753	-50%	$0.000000	1,753	01 Mar 2024	Class A Common Stock	1,753		Direct	F3, F4
transaction	PETQ	Restricted Stock Unit	Award	$0	+47,835		$0.000000	47,835	01 Mar 2024	Class A Common Stock	47,835		Direct	F3, F5
transaction	PETQ	Restricted Stock Unit	Options Exercise	$0	-17,241	-25%	$0.000000	51,725	02 Mar 2024	Class A Common Stock	17,241		Direct	F3, F6

* 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 1, 2024, subject to the reporting person's continuous service as an employee of the Issuer.
F6	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.