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

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.