Ching Chung Wong - 07 Feb 2023 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role: Director
Signature: /s/ Timothy S. Davidson, by Power of Attorney
Issuer symbol: NHTC
Transactions as of: 07 Feb 2023
Net transactions value: -$6,169
Form type: 4
Filing time: 09 Feb 2023, 17:28:16 UTC
Previous filing: 16 Dec 2022
Next filing: 16 Jun 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		+1,296			1,296	07 Feb 2023	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	$6,169	-1,296	-100%	$4.76	0	07 Feb 2023	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	Award	$0	+10,370		$0.000000	10,370	07 Feb 2023	Common Stock	10,370		Direct	F1, F2
transaction	NHTC	Phantom Stock	Options Exercise		-1,296	-12%		9,074	07 Feb 2023	Common Stock	1,296		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 February 9, 2023.