Randall A. Mason - Mar 15, 2021 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role: Director
Signature: /s/ Timothy S. Davidson by Power of Attorney
Stock symbol: NHTC
Transactions as of: Mar 15, 2021
Transactions value $: -$46,193
Form type: 4
Date filed: 12/27/2021, 11:21 AM
Next filing: Mar 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHTC	Common Stock	Options Exercise		+1.67K	+0.73%		231K	Mar 15, 2021	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	-$11.2K	-1.67K	-0.72%	$6.72	229K	Mar 15, 2021	Direct
transaction	NHTC	Common Stock	Options Exercise		+1.67K	+0.73%		231K	Jun 15, 2021	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	-$12.3K	-1.67K	-0.72%	$7.36	229K	Jun 15, 2021	Direct
transaction	NHTC	Common Stock	Options Exercise		+1.67K	+0.73%		231K	Sep 15, 2021	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	-$11.6K	-1.67K	-0.72%	$6.98	229K	Sep 15, 2021	Direct
transaction	NHTC	Common Stock	Options Exercise		+1.67K	+0.73%		231K	Dec 15, 2021	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	-$11.1K	-1.67K	-0.72%	$6.65	229K	Dec 15, 2021	Direct
holding	NHTC	Common Stock						23.9K	Mar 15, 2021	By Marden Rehabilitation Associates, Inc.

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	NHTC	Phantom Stock	Award	$0	+13.3K		$0.00	13.3K	Mar 15, 2021	Common Stock	13.3K		Direct	F1, F2
transaction	NHTC	Phantom Stock	Options Exercise		-1.67K	-12.5%		11.7K	Mar 15, 2021	Common Stock	1.67K		Direct	F1
transaction	NHTC	Phantom Stock	Options Exercise		-1.67K	-14.29%		10K	Jun 15, 2021	Common Stock	1.67K		Direct	F1
transaction	NHTC	Phantom Stock	Options Exercise		-1.67K	-16.67%		8.33K	Sep 15, 2021	Common Stock	1.67K		Direct	F1
transaction	NHTC	Phantom Stock	Options Exercise		-1.67K	-20.01%		6.67K	Dec 15, 2021	Common Stock	1.67K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom share entities the holder to receive a cash payment equal to the fair market value of one share of NHTC common stock on the applicable vesting date, subject to satisfaction of the applicable vesting conditions and a maximum payment value of $12.00 per phantom share.
F2	The phantom shares vest in eight (8) equal three-month increments, subject to the satisfaction of both a time-based and a performance-based vesting condition. See the Company's Current Report on Form 8-K filed March 17, 2021.