Timothy S. Davidson - Feb 7, 2023 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role: Sr. V.P. & CFO
Signature: /s/ Timothy S. Davidson
Stock symbol: NHTC
Transactions as of: Feb 7, 2023
Transactions value $: -$24,866
Form type: 4
Date filed: 2/9/2023, 05:29 PM
Previous filing: Dec 16, 2022
Next filing: Jun 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHTC	Common Stock	Options Exercise		+5.22K	+1.34%		396K	Feb 7, 2023	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	-$24.9K	-5.22K	-1.32%	$4.76	391K	Feb 7, 2023	Direct

Showing 1 to 2 of 2 entries

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	+41.8K		$0.00	41.8K	Feb 7, 2023	Common Stock	41.8K		Direct	F1, F2
transaction	NHTC	Phantom Stock	Options Exercise		-5.22K	-12.5%		36.6K	Feb 7, 2023	Common Stock	5.22K		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.