Matthew J. Foulston - Jun 1, 2021 Form 4 Insider Report for COVETRUS, INC. (CVET)

Role: Chief Financial Officer
Signature: /s/ Margaret B. Pritchard as attorney-in-fact for Matthew J. Foulston
Stock symbol: CVET
Transactions as of: Jun 1, 2021
Transactions value $: -$457,966
Form type: 4
Date filed: 6/3/2021, 04:02 PM
Previous filing: May 18, 2021
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVET	Common Stock	Options Exercise	$0	+37.5K	+178.9%	$0.00	58.4K	Jun 1, 2021	Direct	F1
transaction	CVET	Common Stock	Tax liability	-$458K	-16.6K	-28.42%	$27.59	41.8K	Jun 1, 2021	Direct

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	CVET	Restricted Stock Units	Options Exercise	$0	-37.5K	-33.33%	$0.00	74.9K	Jun 1, 2021	Common Stock	37.5K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 872 shares acquired under the Covetrus Employee Stock Purchase Plan on May 31, 2021.
F2	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
F3	Subject to the Reporting Person's continuous service as an employee of the Issuer, the RSUs will vest in three equal annual installments beginning on June 1, 2021.