Sec Form 4 Filing - Christensen McCord @ PetIQ, Inc. - 2021-03-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Christensen McCord 2. Issuer Name and Ticker or Trading Symbol PetIQ, Inc. [ PETQ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) 923 S. BRIDGEWAY PLACE 3. Date of Earliest Transaction (MM/DD/YY) 03/01/2021 (Street) EAGLE, ID83616 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 1,534 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Option (right to buy) $ 35.66 03/01/2021 A 53,281 03/01/2022( 1 ) 03/01/2031 Class A Common Stock 53,281 $ 0 53,281 D Restricted Stock Unit ( 2 ) 03/01/2021 A 26,640 ( 3 ) ( 3 ) Class A Common Stock 26,640 $ 0 26,640 D Option (right to buy) $ 16 07/20/2018 07/20/2027 Class A Common Stock 205,405 205,405 D Option (right to buy) $ 24.97 03/15/2019( 4 ) 03/15/2028 Class A Common Stock 150,000 150,000 D Option (right to buy) $ 27.73 03/13/2020 03/13/2029 Class A Common Stock 37,865 37,865 D Restricted Stock Unit ( 2 ) ( 5 ) ( 5 ) Class A Common Stock 6,086 6,086 D Option (right to buy) $ 19.49 03/12/2021( 6 ) 03/12/2030 Class A Common Stock 45,435 45,435 D Restricted Stock Unit ( 2 ) ( 7 ) ( 7 ) Class A Common Stock 22,717 22,717 D Class B Common Stock ( 8 ) ( 8 ) ( 8 ) Class A Common Stock 214,027 214,027 I ( 9 ) See Footnote

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Christensen McCord 923 S. BRIDGEWAY PLACE EAGLE, ID83616 X Chief Executive Officer Signatures /s/ R. Michael Herrman, as attorney-in-fact 03/03/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The options vest in approximately equal installments on each of the first four anniversaries of March 1, 2021, subject to the reporting person's continuous service as an employee of the Issuer. ( 2 )Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. ( 3 )The RSUs vest in approximately equal installments on each of the first four anniversaries of March 1, 2021, subject to the reporting person's continuous service as an employee of the Issuer ( 4 )The options vest and become exercisable in four approximately equal installments on each of the first four anniversaries of March 15, 2018. ( 5 )The RSUs vest in approximately equal installments on each of the first four anniversaries of March 13, 2019, subject tothe reporting person's continuous service as an employee of the Issuer. ( 6 )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. ( 7 )The RSUs vest in approximately equal installments on each of the first four anniversaries of March 12, 2020, subject tothe reporting person's continuous service as an employee of the Issuer. ( 8 )Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. ( 9 )The shares of Class B Common Stock are held by Christensen Ventures ("Ventures"). Mr. Christensen is the manager of Ventures and exercises voting and investment control over all shares held by Ventures.

Remarks: This Form 4 filing clarifies the holdings of the reporting person since the IPO in 2017 including "founder's" shares, RSUs and options.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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