Rebecca Ann Kidd - Jul 1, 2022 Form 4 Insider Report for COVETRUS, INC. (CVET)

Role: Head of Global Operations
Signature: /s/ Margaret B. Pritchard, as attorney-in-fact for Rebecca Ann Kidd
Stock symbol: CVET
Transactions as of: Jul 1, 2022
Transactions value $: -$161,963
Form type: 4
Date filed: 7/6/2022, 04:06 PM
Previous filing: Mar 3, 2022
Next filing: Oct 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVET	Common Stock	Options Exercise	$0	+22.1K		$0.00	22.1K	Jul 1, 2022	Direct
transaction	CVET	Common Stock	Options Exercise	$0	+4.85K	+22%	$0.00	26.9K	Jul 1, 2022	Direct
transaction	CVET	Common Stock	Tax liability	-$162K	-7.77K	-28.86%	$20.85	19.2K	Jul 1, 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	-22.1K	-100%	$0.00^*	0	Jul 1, 2022	Common Stock	22.1K		Direct	F1, F2
transaction	CVET	Restricted Stock Units	Options Exercise	$0	-4.85K	-33%	$0.00	9.86K	Jul 1, 2022	Common Stock	4.85K		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 Reporting Person's continuous service as an employee of the Issuer, 100% of the RSUs will vest on the first anniversary of the grant date.
F3	Subject to the Reporting 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.