COOK Form 4: Ralph Alvarez records 25,152 vested RSUs, discloses trust holdings

Rhea-AI Filing Summary

Ralph Alvarez, a director of Traeger, Inc. (COOK), is reported to have acquired 25,152 fully‑vested restricted stock units on 08/01/2025 that were recorded at $0. These units are scheduled to be settled in shares of the company’s common stock within 45 days following the earliest to occur of the director’s separation from service, a change in control, death, or disability.

After the reported transaction the filing lists total beneficial ownership of 692,040 shares. The filing also discloses indirect holdings of 333,333 shares via a Family Trust dated March 25, 2004 and 48,784 shares via a Family Trust dated December 16, 2012.

Positive

• 25,152 fully‑vested restricted stock units acquired recorded at $0, indicating an increase in vested equity holdings for the director
• Total beneficial ownership reported as 692,040 shares, providing clear post‑transaction position size
• Indirect holdings explicitly disclosed as 333,333 and 48,784 shares via Family Trusts, improving transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 25,152 vested RSUs, raising reported beneficial ownership to 692,040 shares; appears to be a routine vesting event.

The Form 4 shows a non‑cash acquisition of 25,152 fully‑vested restricted stock units recorded at $0 with settlement contingent on specified events within 45 days. The filing also discloses indirect holdings through family trusts of 333,333 and 48,784 shares, contributing to a post‑transaction beneficial ownership of 692,040 shares. The document does not provide the company’s total outstanding shares, so this filing alone does not allow assessment of the transaction’s percentage ownership impact or material effect on valuation.

Corporate Governance Expert

TL;DR: Vesting tied to separation or change‑of‑control is customary; disclosure is specific and clarifies indirect trust holdings.

The filing documents that the reported units are fully vested but subject to settlement triggers

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Alvarez Ralph

(Last) (First) (Middle)

C/O TRAEGER, INC.

533 SOUTH 400 WEST

(Street)

SALT LAKE CITY UT 84101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Traeger, Inc. [ COOK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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
Common Stock	08/01/2025		A		25,152(1)	A	$0	692,040	D
Common Stock								333,333	I	By Family Trust dated March 25, 2004
Common Stock								48,784	I	By Family Trust dated December 16, 2012

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Consists of fully-vested restricted stock units, which will be settled in shares of the Issuer's common stock within 45 days following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer; (iii) the director's death; or (iv) the director's disability.

Remarks:

	/s/ Courtland Astill, Attorney-in-fact	08/04/2025
	** Signature of Reporting Person	Date
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Ralph Alvarez report on Form 4 for Traeger (COOK)?

The form reports the acquisition of 25,152 fully‑vested restricted stock units on 08/01/2025, recorded at $0, with settlement conditions noted.

How many Traeger (COOK) shares does Alvarez beneficially own after this transaction?

The filing lists total beneficial ownership of 692,040 shares following the reported transaction.

Are any of Ralph Alvarez's Traeger (COOK) holdings indirect?

Yes. The filing discloses 333,333 shares held by a Family Trust dated March 25, 2004 and 48,784 shares held by a Family Trust dated December 16, 2012.

When and how will the reported RSUs for COOK be settled?

The 25,152 fully‑vested RSUs will be settled in common stock within 45 days after the earliest of separation from service, a change in control, death, or disability.

Was there a cash price for the transaction reported for COOK?

The transaction is recorded with a price of $0 on the Form 4.