Richard Halle - 01 Mar 2023 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role: Director
Signature: /s/ Kemper Isely, by Power of Attorney
Issuer symbol: NGVC
Transactions as of: 01 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2023, 16:01:14 UTC
Previous filing: 04 Mar 2022
Next filing: 05 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NGVC	Common Stock	Options Exercise	$0	+3,422	+6.8%	$0.000000	53,565	02 Mar 2023	Direct	F1

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	Award	$0	+5,535	+162%	$0.000000	8,957	01 Mar 2023	Common Stock	5,535		Direct	F2, F3
transaction	NGVC	Restricted Stock Units	Options Exercise		-3,422	-38%		5,535	02 Mar 2023	Common Stock	3,422		Direct	F2

* 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 3,422 restricted stock units on March 2, 2023, where each restricted stock unit represented the economic equivalent of one share of NGVC common stock.
F2	Each restricted stock unit represents a contingent right to receive one share of NGVC common stock.
F3	Represents restricted stock units issued to the reporting person for service on the Company's board of directors (the "Board"). The restricted stock units vest on March 1, 2024, subject to continued service on the Board, and will be settled in shares of NGVC common stock.