Todd Dissinger - 02 Oct 2023 Form 4/A - Amendment Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role
Chief Financial Officer
Signature
/s/ Todd Dissinger
Issuer symbol
NGVC
Transactions as of
02 Oct 2023
Net transactions value
-$13,065
Form type
4/A - Amendment
Filing time
20 Oct 2023, 18:00:14 UTC
Date Of Original Report
04 Oct 2023
Previous filing
17 Aug 2023
Next filing
12 Dec 2023
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 +3,520 +5.9% $0.000000 63,678 02 Oct 2023 Direct F1
transaction NGVC Common Stock Tax liability $13,065 -1,012 -1.6% $12.91 62,666 02 Oct 2023 Direct F2

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 Options Exercise $0 -3,520 -3.5% $0.000000 96,536 02 Oct 2023 Common Stock 3,520 $0.000000 Direct F3, F4
* 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 3,520 restricted stock units ("RSUs") on October 2, 2023, the business day immediately following the vesting date of October 1, 2023, where each RSU represented the economic equivalent of one share of NGVC common stock.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of on this line were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of the RSUs.
F3 Each RSU represents a contingent right to receive one share of NGVC common stock.
F4 Includes: (a) 1,600 RSUs vesting on October 1, 2024; (b) 1,920 RSUs vesting on each of October 1, 2024 and 2025; (c) 25,000 RSUs vesting on September 30, 2024; (d) 31,876 RSUs vesting on December 31, 2024; (e) 11,407 RSUs vesting on each of August 15, 2024 and 2025; and (f) 11,406 RSUs vesting on August 15, 2026.

Remarks:

The original Form 4 filed October 4, 2023 is amended by this Form 4 amendment to correctly reflect the reporting person's disposition of common stock to pay tax withholding obligations upon vesting of restricted stock units covered hereby and the amount of securities beneficially owned following the reported transactions.