Timothy S. Davidson - 15 Sep 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: 15 Sep 2023
Net transactions value: -$28,210
Form type: 4
Filing time: 18 Sep 2023, 10:00:33 UTC
Previous filing: 16 Jun 2023
Next filing: 18 Dec 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	15 Sep 2023	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	$28,210	-5,224	-1.3%	$5.40	391,100	15 Sep 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	Options Exercise		-5,224	-17%		26,116	15 Sep 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.