Susan Sholtis - Oct 1, 2021 Form 4 Insider Report for PetIQ, Inc. (PETQ)

Role: President
Signature: /s/ R. Michael Herrman, as attorney-in-fact
Stock symbol: PETQ
Transactions as of: Oct 1, 2021
Transactions value $: -$26,648
Form type: 4
Date filed: 10/5/2021, 05:23 PM
Previous filing: May 25, 2021
Next filing: Dec 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PETQ	Class A Common Stock	Options Exercise	$85.2K	+3.34K	+166.58%	$25.50	5.35K	Oct 1, 2021	Direct	F1
transaction	PETQ	Class A Common Stock	Tax liability	-$26.6K	-1.05K	-19.55%	$25.50	4.3K	Oct 1, 2021	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	-$85.2K	-3.34K	-50.15%	$25.50	3.32K	Oct 1, 2021	Class A Common Stock	3.34K		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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock.
F4	The RSUs vest in approximately one half on the first anniversary of October 1, 2018 and one third of the remaining balance on each of the next three anniversaries, subject to the reporting person's continuous service as an employee of the Issuer.