Jeremy Andrus - 02 Aug 2022 Form 4 Insider Report for Traeger, Inc. (COOK)

Role
Chief Executive Officer, Director
Signature
/s/ Courtland Astill, Attorney-in-fact
Issuer symbol
COOK
Transactions as of
02 Aug 2022
Net transactions value
$0
Form type
4
Filing time
02 Sep 2022, 16:25:31 UTC
Previous filing
17 Apr 2023
Next filing
09 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOK Common Stock Options Exercise $0 +518,864 +6.6% $0.000000 8,387,213 02 Aug 2022 Direct F1
transaction COOK Common Stock Options Exercise $0 +518,864 +6.2% $0.000000 8,906,077 31 Aug 2022 Direct F2
holding COOK Common Stock 3,890,913 02 Aug 2022 By Andrus-Traeger Holdings, LLC 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 COOK Performance-Based Restricted Stock Unit Options Exercise $0 -518,864 -10% $0.000000 4,669,774 02 Aug 2022 Common Stock 518,864 Direct F1, F4
transaction COOK Performance-Based Restricted Stock Unit Options Exercise $0 -518,864 -11% $0.000000 4,150,910 31 Aug 2022 Common Stock 518,864 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Relates to the vesting of the first half of the first tranche on August 2, 2022 of Performance-Based Restricted Stock Units ("PSUs") that were previously earned under the stock price performance criteria.
F2 Relates to the accelerated vesting of the second half of the first tranche of PSUs that were previously earned under the stock price performance criteria. These earned PSUs were scheduled to vest on August 2, 2023, but their vesting was accelerated pursuant to a letter agreement between the reporting person and the Issuer.
F3 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F4 Each PSU represents a contingent right to receive one share of the Issuer's Common Stock to the extent earned based on satisfying the stock price performance criteria and subject to time-based vesting.