Zvi Glasman - 24 Oct 2024 Form 4 Insider Report for PetIQ, Inc.

Reporting relationship: Chief Financial Officer
Issuer ticker: N/A
Reported as of: 24 Oct 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 28 Oct 2024, 15:10:31 UTC
Prior SEC filing: 09 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Patrick Jones, by power of attorney

Key filing fact

Zvi Glasman filed Form 4 for PetIQ, Inc. on 28 Oct 2024.

Key facts

This page summarizes Zvi Glasman's Form 4 filing for PetIQ, Inc..
8 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 28 Oct 2024, 15:10.

Change

Previous filing in this sequence was filed on 09 May 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PETQ transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares: -9,800
Change %: -100%
Price
Shares after: 0
Date: 25 Oct 2024
Ownership: Direct
Footnotes: F1, F2

PETQ transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares: -16,000
Change %: -100%
Price
Shares after: 0
Date: 25 Oct 2024
Ownership: See Footnote
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PETQ transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +21,268
Change %
Price: $0.000000
Shares after: 21,268
Date: 24 Oct 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 21,268
Exercise price
Footnotes: F4, F5

PETQ transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -18,257
Change %: -100%
Price
Shares after: 0
Date: 25 Oct 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 18,257
Exercise price
Footnotes: F1, F4, F6, F7

PETQ transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -38,794
Change %: -100%
Price
Shares after: 0
Date: 25 Oct 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 38,794
Exercise price
Footnotes: F1, F4, F7, F8

PETQ transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -35,876
Change %: -100%
Price
Shares after: 0
Date: 25 Oct 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 35,876
Exercise price
Footnotes: F1, F4, F7, F9

PETQ transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
Shares: -21,268
Change %: -100%
Price
Shares after: 0
Date: 25 Oct 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 21,268
Exercise price
Footnotes: F1, F4, F5, F7

PETQ transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -36,513
Change %: -100%
Price
Shares after: 0
Date: 25 Oct 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 36,513
Exercise price: $16.00
Footnotes: F1, F10, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Zvi Glasman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 11 footnotes

Footnote F1

On October 25, 2024, Gula Merger Sub, Inc. ("Merger Sub") completed its merger (the "Merger") with and into the Issuer pursuant to the Agreement and Plan of Merger, dated as of August 7, 2024 (the "Merger Agreement"), by and among the Issuer, Gula Buyer Inc. ("Parent") and Merger Sub.

Footnote F2

Immediately prior to the effective time of the Merger (the "Effective Time"), each share of Class A Common Stock was cancelled and exchanged for $31.00 per share.

Footnote F3

The reportable securities are held by The Zvi and Marlise Glasman Family Trust (the "Trust"). The Reporting Person and his spouse are the trustees and the beneficiaries of the Trust.

Footnote F4

Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock.

Footnote F5

The RSUs will vest in approximately equal installments on each of the first four anniversaries of October 24, 2024, subject to the reporting person's continuous service as an employee of the Issuer.

Footnote F6

The RSUs vested or will vest in approximately equal installments on each of the first four anniversaries of January 3, 2022, subject to the reporting person's continuous service as an employee of the Issuer.

Footnote F7

At the Effective Time, each unvested RSU was cancelled and converted solely into the right to receive a cash payment of $31.00 per share of Class A Common Stock subject to such unvested RSU, subject to the terms and conditions of the Merger Agreement.

Footnote F8

The RSUs vested or will vest in approximately equal installments on each of the first four anniversaries of March 2, 2023, subject to the reporting person's continuous service as an employee of the Issuer.

Footnote F9

The RSUs will vest in approximately equal installments on each of the first four anniversaries of March 1, 2024, subject to the reporting person's continuous service as an employee of the Issuer.

Footnote F10

The option vested or will vest in approximately equal installments on each of the first four anniversaries of January 3, 2022, subject to the reporting person's continuous service as an employee of the Issuer.

Footnote F11

At the Effective Time, each option was cancelled and converted solely into the right to receive a cash payment equal to $31.00 per option share minus the per share exercise price of the of the option, subject to the terms and conditions of the Merger Agreement.