Freshpet, Inc. — Director's Dealing 2021

May 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Freshpet, Inc. (FRPT)
CIK: 0001611647
Period of Report: 2021-05-07

Reporting Person: Morris Scott James (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-07	common stock	M	841	$11	Acquired	151174	Direct
2021-05-07	common stock	S	841	$178.10	Disposed	150333	Direct
2021-05-10	common stock	S	100	$171.38	Disposed	150233	Direct
2021-05-10	common stock	S	697	$172.82	Disposed	149536	Direct
2021-05-10	common stock	S	500	$173.83	Disposed	149036	Direct
2021-05-10	common stock	S	700	$174.92	Disposed	148336	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-07	Options to purchase common stock	$11	M	841	Disposed	2027-04-03	Common Stock (841)	Direct

Footnotes

F1: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.90 to $178.29. The reporting person undertakes to provide to Freshpet, Inc., any security holders of Freshpet, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F2: The options were issued pursuant to the Issuer's 2014 Second Amended and Restated Omnibus Incentive Plan. The options vested on December 31, 2020.

F3: The sale reported in this row was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2021.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.40 to $173.15. The reporting person undertakes to provide to Freshpet, Inc., any security holders of Freshpet, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F5: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.49 to $174.49. The reporting person undertakes to provide to Freshpet, Inc., any security holders of Freshpet, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F6: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.50 to $175.37. The reporting person undertakes to provide to Freshpet, Inc., any security holders of Freshpet, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.