Todd Dissinger - Jan 3, 2023 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
Jan 3, 2023
Transactions value $
-$38,041
Form type
4
Date filed
1/5/2023, 05:00 PM
Previous filing
Nov 3, 2022
Next filing
Jun 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NGVC Common Stock Options Exercise $0 +12K +24.29% $0.00 61.5K Jan 3, 2023 Direct F1
transaction NGVC Common Stock Tax liability -$38K -4.16K -6.77% $9.14 57.3K Jan 3, 2023 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 Options Exercise $0 -12K -14.68% $0.00 69.8K Jan 3, 2023 Common Stock 12K $0.00 Direct F3, F4
* 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 12,014 restricted stock units on January 3, 2023, the business day immediately following the vesting date of January 2, 2023, 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 Includes: (a) 4,000 restricted stock units vesting on June 27, 2023; (b) 1,600 restricted stock units vesting on each of October 1, 2023 and 2024; (c) 1,920 restricted stock units vesting on each of October 1, 2023, 2024 and 2025; (d) 25,000 restricted stock units vesting on September 30, 2024; and (e) 31,876 restricted stock units vesting on December 31, 2024.