Todd Dissinger - Sep 30, 2021 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role
Chief Financial Officer
Signature
/s/ Todd Dissinger
Stock symbol
NGVC
Transactions as of
Sep 30, 2021
Transactions value $
-$11,411
Form type
4
Date filed
10/4/2021, 05:33 PM
Previous filing
Jun 30, 2021
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NGVC Common Stock Options Exercise $0 +3.52K +7.88% $0.00 48.2K Oct 1, 2021 Direct F1
transaction NGVC Common Stock Tax liability -$11.4K -1.02K -2.11% $11.22 47.2K Oct 1, 2021 Direct F2

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 NGVC Restricted Stock Units Award $0 +25K +48.76% $0.00 76.3K Sep 30, 2021 Common Stock 25K $0.00 Direct F3, F4, F5
transaction NGVC Restricted Stock Units Options Exercise $0 -3.52K -4.62% $0.00 72.7K Oct 1, 2021 Common Stock 3.52K $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of NGVC common stock issued to the reporting person upon the vesting of 3,520 restricted stock units on October 1, 2021, where each restricted stock unit represented the economic equivalent of one share of NGVC common stock.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of on this line were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of the restricted stock units.
F3 Each restricted stock unit represents a contingent right to receive one share of NGVC common stock.
F4 These restricted stock units will vest in full on September 30, 2024.
F5 In addition to the transactions reported on this Form 4, includes: (a) 1,620 restricted stock units vesting on each of November 1, 2021 and 2022; (b) 12,013 restricted stock units vesting on January 2, 2022 and 12,014 restricted stock units vesting on January 2, 2023; provided, however, that all the restricted stock units in this clause (b) that are unvested will become fully vested upon the occurrence of a change in control affecting the Company; (c) 4,000 restricted stock units vesting on June 27, 2022 and 2023; (d) 1,600 restricted stock units vesting on each of October 1, 2022, 2023 and 2024; and (e) 1,920 restricted stock units vesting on each of October 1, 2022, 2023, 2024 and 2025.