Jeremy Andrus - Aug 2, 2022 Form 4 Insider Report for Traeger, Inc. (COOK)

Role: Chief Executive Officer, Director
Signature: /s/ Courtland Astill, Attorney-in-fact
Stock symbol: COOK
Transactions as of: Aug 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/2/2022, 04:25 PM
Previous filing: Apr 17, 2023
Next filing: Sep 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COOK	Common Stock	Options Exercise	$0	+519K	+6.59%	$0.00	8.39M	Aug 2, 2022	Direct	F1
transaction	COOK	Common Stock	Options Exercise	$0	+519K	+6.19%	$0.00	8.91M	Aug 31, 2022	Direct	F2
holding	COOK	Common Stock						3.89M	Aug 2, 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	-519K	-10%	$0.00	4.67M	Aug 2, 2022	Common Stock	519K		Direct	F1, F4
transaction	COOK	Performance-Based Restricted Stock Unit	Options Exercise	$0	-519K	-11.11%	$0.00	4.15M	Aug 31, 2022	Common Stock	519K		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.