Jim Barr - Jul 3, 2023 Form 4 Insider Report for NAUTILUS, INC. (NLS)

Role
Chief Executive Officer, Director
Signature
/s/ Alan L. Chan, Attorney-In-Fact for Jim Barr
Stock symbol
NLS
Transactions as of
Jul 3, 2023
Transactions value $
$0
Form type
4
Date filed
7/6/2023, 08:37 PM
Previous filing
May 17, 2023
Next filing
Feb 21, 2024

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 +25K $0.00 25K Jul 3, 2023 Common Stock 25K Direct F1, F2
transaction NLS Employee Stock Option (right to buy) Award $0 +568K $0.00 568K Jul 3, 2023 Common Stock 568K $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.