Michael Herrman - Feb 25, 2023 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role
GENERAL COUNSEL AND SECRETARY
Signature
/s/ R. Michael Herrman
Stock symbol
PETQ
Transactions as of
Feb 25, 2023
Transactions value $
-$16,810
Form type
4
Date filed
2/28/2023, 04:51 PM
Previous filing
Sep 7, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PETQ Class A Common Stock Options Exercise +4.76K +52.62% 13.8K Feb 25, 2023 Direct F1
transaction PETQ Class A Common Stock Tax liability -$16.8K -1.7K -12.29% $9.90 12.1K Feb 25, 2023 Direct F2

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 PETQ Restricted Stock Unit Options Exercise $0 -4.76K -25% $0.00 14.3K Feb 25, 2023 Class A Common Stock 4.76K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of restricted stock units ("RSU") into shares of Class A common stock.
F2 Shares withheld to satisfy minimum tax withholding requirements upon vesting of RSUs.
F3 Each RSU represents a contingent right to receive one share of Class A Common Stock.
F4 The RSUs vest in approximately equal installments on each of the first four anniversaries of February 25, 2022, subject to the reporting person's continuous service as an employee of the Issuer.