Eric W. Schrier - Aug 30, 2021 Form 4 Insider Report for MANNATECH INC (MTEX)

Role
Director
Signature
/s/ Diane Barton, Controller, by Power of Attorney
Stock symbol
MTEX
Transactions as of
Aug 30, 2021
Transactions value $
-$176,838
Form type
4
Date filed
9/1/2021, 10:31 AM
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTEX Common Stock, par value $0.0001 per share Options Exercise $71K +5K +37.53% $14.19 18.3K Aug 30, 2021 Direct
transaction MTEX Common Stock, par value $0.0001 per share Options Exercise $106K +5K +27.29% $21.18 23.3K Aug 30, 2021 Direct
transaction MTEX Common Stock, par value $0.0001 per share Tax liability -$177K -5.22K -22.37% $33.89 18.1K Aug 30, 2021 Direct

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 MTEX Right to Purchase Common Stock Options Exercise -$71K -5K -100% $14.19 0 Aug 30, 2021 Common Stock, Per Value $0.0001 Per Share 5K $14.19 Direct F1
transaction MTEX Right to Purchase Common Stock Options Exercise -$106K -5K -100% $21.18 0 Aug 30, 2021 Common Stock Par Value $0.0001 Per Share 5K $21.18 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-third of the stock options vest on the date of grant; another one-third of the stock options vest on the first anniversary date of the grant; and the remaining one-third of the stock option vest on the second anniversary date of the grant
F2 One-third of the stock options vest on June 22, 2016, one-third to vest June 22, 2017, and the remaining one-third to vest on June 22, 2018.