Michael A. Smith - May 14, 2021 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role
EVP - Products
Signature
/s/ R. Michael Herrman, as attorney-in-fact
Stock symbol
PETQ
Transactions as of
May 14, 2021
Transactions value $
-$723,144
Form type
4
Date filed
5/20/2021, 06:38 PM
Previous filing
May 11, 2021
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PETQ Class A Common Stock Options Exercise $369K +13.8K $26.76 13.8K May 19, 2021 Direct
transaction PETQ Class A Common Stock Options Exercise $61.6K +3.16K +22.92% $19.49 16.9K May 19, 2021 Direct
transaction PETQ Class A Common Stock Sale -$680K -16.9K -100% $40.11 0 May 19, 2021 Direct F1
transaction PETQ Class A Common Stock Sale -$43.4K -1.09K -100% $40.00 0 May 14, 2021 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 PETQ Option to Purchase Class A Common Stock Options Exercise -$369K -13.8K -13.79% $26.76 86.2K May 19, 2021 Class A Common Stock 13.8K $26.76 Direct F2
transaction PETQ Option (right to buy) Options Exercise -$61.6K -3.16K -24.99% $19.49 9.48K May 19, 2021 Class A Common Stock 3.16K $19.49 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.50. The reporting person undertakes to provide to PetIQ, Inc., any security holder of PetIQ, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F2 The options vest in approximately equal installments on each of the first four anniversaries of May 28, 2019, subject to the reporting person's continuous service as an employee of the Issuer.
F3 The options vest in approximately equal installments on each of the first four anniversaries of March 12, 2020, subject to the reporting person's continuous service as an employee of the Issuer.