Landen Granvel Fredrick - 11 Mar 2024 Form 4 Insider Report for MANNATECH INC (MTEX)

Role
COO/Interim CFO
Signature
Andrew Gillett, Controller, by Power of Attorney
Issuer symbol
MTEX
Transactions as of
11 Mar 2024
Net transactions value
+$74,993
Form type
4
Filing time
13 Mar 2024, 18:57:07 UTC
Previous filing
15 Feb 2023
Next filing
28 Aug 2025
SEC
View on sec.gov

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 Award $74,993 +8,187 +206% $9.16 12,162 11 Mar 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The grant is available for eighteen (18) months and will not vest until Mannatechs stock price averages $15.00 per share (i.e., the volume weighted price) for 60 consecutive days. If the contingency is not met within the eighteen-month period, the grant will lapse and will not be awarded.