Timothy S. Davidson - 07 Feb 2023 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
07 Feb 2023
Net transactions value
-$24,866
Form type
4
Filing time
09 Feb 2023, 17:29:41 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 +5,224 +1.3% 396,324 07 Feb 2023 Direct F1
transaction NHTC Common Stock Disposed to Issuer $24,866 -5,224 -1.3% $4.76 391,100 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 +41,788 $0.000000 41,788 07 Feb 2023 Common Stock 41,788 Direct F1, F2
transaction NHTC Phantom Stock Options Exercise -5,224 -13% 36,564 07 Feb 2023 Common Stock 5,224 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.