Alan L. Chan - Aug 22, 2022 Form 4 Insider Report for NAUTILUS, INC. (NLS)

Role
Chief Legal Officer
Signature
/s/ Alan L. Chan
Stock symbol
NLS
Transactions as of
Aug 22, 2022
Transactions value $
$0
Form type
4
Date filed
8/25/2022, 07:31 AM
Previous filing
Aug 5, 2022
Next filing
Jul 6, 2023

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 Award $0 +15.9K $0.00 15.9K Aug 22, 2022 Common Stock 15.9K Direct F1, F2
transaction NLS Stock Option (Right to Buy) Award $0 +23.8K $0.00 23.8K Aug 22, 2022 Common Stock 23.8K $2.10 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.
F2 On August 22, 2022 the Reporting Person was granted 15,887 restricted stock units, vesting in three equal annual installments on August 22, 2023, May 17, 2024 and May 17, 2025, 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.
F3 The options vest in three equal annual installments on August 22, 2023, May 17, 2024, and May 17, 2025.