Aina E. Konold - May 10, 2021 Form 4 Insider Report for NAUTILUS, INC. (NLS)

Role
Chief Financial Officer
Signature
/s/ Aina E. Konold
Stock symbol
NLS
Transactions as of
May 10, 2021
Transactions value $
-$489,731
Form type
4
Date filed
5/11/2021, 05:21 PM
Next filing
May 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLS Common Stock Options Exercise +53.3K +129.03% 94.7K May 10, 2021 Direct F1
transaction NLS Common Stock Tax liability -$333K -21K -22.17% $15.88* 73.7K May 10, 2021 Direct F2
transaction NLS Common Stock Disposed to Issuer -$156K -10K -13.57% $15.65* 63.7K May 11, 2021 Direct F3

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 NLS Restricted Stock Units Options Exercise $0 -53.3K -33.33% $0.00 107K May 10, 2021 Common Stock 53.3K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy the tax liability incident to the vesting of a security issued in accordance with Rule 16b-3.
F3 On May 11, 2021, pursuant to a pre-planned Rule 10b5-1 trading plan previously adopted by Ms. Konold on February 25, 2021 for personal financial management purposes, Ms. Konold sold 10,000 shares of the issuer in multiple trades at prices ranging from $15.25 to $16.51. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide Nautilus, Inc., any securityholder of Nautilus, Inc., or the staff of the Securities & Exchange Commission upon request, full information regarding the number of shares sold at each separate price.
F4 On May 10, 2020 the reporting person was granted 160,000 restricted stock units, vesting in three equal annual installments on May 10, 2021, May 10, 2022 and May 10, 2023, subject to the reporting person's provision of services to the Issuer on such vesting dates. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.