Charity Isely - 01 Nov 2022 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role: 13D Group Member
Signature: /s/ Kemper Isely, by Power of Attorney
Issuer symbol: NGVC
Transactions as of: 01 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 03 Nov 2022, 18:01:16 UTC
Previous filing: 04 Oct 2021
Next filing: 02 Nov 2023
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	NGVC	Restricted Stock Units	Award	$0	+2,000	+67%	$0.000000	5,000	01 Nov 2022	Common Stock	2,000		Direct	F1, F2, 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 represents the economic equivalent of one share of NGVC common stock.
F2	These restricted stock units will vest in full on November 1, 2025
F3	In addition to the transaction reported by this Form 4, includes 3,000 restricted stock units vesting on September 30, 2024.

Remarks:

The Reporting Person is a party to a Stockholders Agreement that contains voting agreements and thus is a member of a Schedule 13D group that beneficially owns more than 10% of the issuer's common stock. The number of shares identified as beneficially owned by the Reporting Person excludes shares of Common Stock deemed to be beneficially owned by her solely because of this Stockholders Agreement.