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Filing Details

Accession Number:: 0000899243-21-031656
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-04 18:41:11
Reporting Period:: 2021-08-02

Accepted Time:: 2021-08-04 18:41:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1857853	Traeger Inc.	COOK	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1523496	Jeremy Andrus	C/O Traeger, Inc. 1215 E Wilmington Ave., Suite 200 Salt Lake City UT 84106	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-08-02	555,556	$16.92	5,274,030	No	4	S	Direct
Common Stock	Acquisiton	2021-08-02	2,594,319	$0.00	7,868,349	No	4	A	Direct
Common Stock	Disposition	2021-08-02	1,311,753	$16.92	3,890,913	No	4	S	Indirect	By Andrus-Traeger Holdings, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	A	Direct
No	4	S	Indirect	By Andrus-Traeger Holdings, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance-Based Restricted Stock Unit	Acquisiton	2021-08-02	5,188,638	$0.00	5,188,638	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,188,638		2031-08-02	No	4	A	Direct

Footnotes

Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest with respect to 20% of the underlying shares on each of the first, second, third, fourth and firth anniversaries of the grant date (August 2, 2022, August 2, 2023, August 2, 2024, August 2, 2025 and August 2, 2026).
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Represents an award of Performance-Based Restricted Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Common Stock. The PSUs consist of 5 tranches, each representing 20% of the total award. Each tranche is eligible to be earned based upon the Issuer's Common Stock achieving a specified average price per share measured over any 60 consecurtive trading-day period, with such specified average prices ranging from $22.50 per share to $54.93 per share. For each tranche, earned PSUs vest according to the respective tranche vesting schedule. For the first tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2022 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2023 and the date on which the average price per share is achieved for such tranche.
(Continued from Footnote 3) For the second tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2023 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2024 and the date on which the average price per share is achieved for such tranche. For the third tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2024 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2025 and the date on which the average price per share is achieved for such tranche.
(Continued from Footnote 4) For the fourth tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2025 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2026 and the date on which the average price per share is achieved for such tranche. For the fifth tranche, earned PSUs vest (i) with respect to 50% of the earned PSUs on the later to occur of August 2, 2026 and the date on which the average price per share is achieved for such tranche, and (ii) with respect to the remaining 50% of the earned PSUs on the later to occur of August 2, 2027 and the date on which the average price per share is achieved for such tranche.