Matthew J. Foulston - 01 Jun 2022 Form 4 Insider Report for COVETRUS, INC.

Role: Chief Financial Officer
Signature: /s/ Margaret B. Pritchard as attorney-in-fact for Matthew J. Foulston
Issuer symbol: N/A
Transactions as of: 01 Jun 2022
Net transactions value: -$259,203
Form type: 4
Filing time: 03 Jun 2022, 16:03:11 UTC
Previous filing: 03 Mar 2022
Next filing: 06 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVET	Common Stock	Options Exercise	$0	+2,600	+3.9%	$0.000000	68,567	01 Jun 2022	Direct
transaction	CVET	Common Stock	Options Exercise	$0	+37,469	+55%	$0.000000	106,036	01 Jun 2022	Direct
transaction	CVET	Common Stock	Tax liability	$259,203	-12,534	-12%	$20.68	93,502	01 Jun 2022	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	-2,600	-12%	$0.000000	18,205	01 Jun 2022	Common Stock	2,600		Direct	F1, F2
transaction	CVET	Restricted Stock Units	Options Exercise	$0	-37,469	-50%	$0.000000	37,469	01 Jun 2022	Common Stock	37,469		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
F2	Subject to the Report Person's continuous service as an employee of the Issuer, the RSUs will vest 33% at the one-year anniversary of the grant date, then in equal ratable quarterly increments for the subsequent eight quarters.
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.