Jim Barr - 03 Jul 2023 Form 4 Insider Report for NAUTILUS, INC.

Role
Chief Executive Officer, Director
Signature
/s/ Alan L. Chan, Attorney-In-Fact for Jim Barr
Issuer symbol
N/A
Transactions as of
03 Jul 2023
Net transactions value
$0
Form type
4
Filing time
06 Jul 2023, 20:37:43 UTC
Previous filing
17 May 2023
Next filing
21 Feb 2024
SEC
View on sec.gov

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 +25,000 $0.000000 25,000 03 Jul 2023 Common Stock 25,000 Direct F1, F2
transaction NLS Employee Stock Option (right to buy) Award $0 +568,182 $0.000000 568,182 03 Jul 2023 Common Stock 568,182 $1.19 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 July 3, 2023, the reporting person was granted 25,000 RSUs, vesting in three installments on July 3, 2024 (40%), May 16, 2025 (40%), and May 16, 2026 (20%), 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 option vests in three installments on July 3, 2024, May 16, 2025, and May 16, 2026.