Zvi Glasman - Mar 1, 2024 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Patrick Jones, by power of attorney
Stock symbol
PETQ
Transactions as of
Mar 1, 2024
Transactions value $
-$113,982
Form type
4
Date filed
3/5/2024, 05:34 PM
Previous filing
Jan 5, 2024
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PETQ Class A Common Stock Options Exercise +12.9K +72.52% 30.8K Mar 2, 2024 Direct F1
transaction PETQ Class A Common Stock Tax liability -$114K -6.56K -21.33% $17.37 24.2K Mar 2, 2024 Direct F2
holding PETQ Class A Common Stock 1.6K Mar 1, 2024 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 Award $0 +35.9K $0.00 35.9K Mar 1, 2024 Class A Common Stock 35.9K Direct F4, F5
transaction PETQ Restricted Stock Unit Options Exercise $0 -12.9K -25% $0.00 38.8K Mar 2, 2024 Class A Common Stock 12.9K Direct F4, 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 The shares of Class A Common Stock are held by Zvi and Marlise Glasman Family 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 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.