Randall A. Mason - Sep 15, 2023 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role: Director
Signature: /s/ Timothy S. Davidson, by Power of Attorney
Stock symbol: NHTC
Transactions as of: Sep 15, 2023
Transactions value $: -$9,002
Form type: 4
Date filed: 9/18/2023, 10:05 AM
Previous filing: Jun 16, 2023
Next filing: Dec 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHTC	Common Stock	Options Exercise		+1.67K	+0.73%		231K	Sep 15, 2023	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	-$9K	-1.67K	-0.72%	$5.40	229K	Sep 15, 2023	Direct
holding	NHTC	Common Stock						23.9K	Sep 15, 2023	By Marden Rehabilitation Associates, Inc.

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		-1.67K	-16.67%		8.33K	Sep 15, 2023	Common Stock	1.67K		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.