Timothy S. Davidson - 15 Dec 2022 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role: Sr. V.P. & CFO
Signature: /s/ Timothy S. Davidson
Issuer symbol: NHTC
Transactions as of: 15 Dec 2022
Net transactions value: -$18,792
Form type: 4
Filing time: 16 Dec 2022, 08:00:38 UTC
Previous filing: 16 Sep 2022
Next filing: 09 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHTC	Common Stock	Options Exercise		+5,220	+1.3%		396,320	15 Dec 2022	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	$18,792	-5,220	-1.3%	$3.60	391,100	15 Dec 2022	Direct

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	Options Exercise		-5,220	-100%		0	15 Dec 2022	Common Stock	5,220		Direct	F1, F2

* 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	No derivative securities are beneficially owned following the reported transaction.