Raquel M. Isely - Oct 31, 2023 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role
13D Group Member
Signature
/s/ Kemper Isely, by Power of Attorney
Stock symbol
NGVC
Transactions as of
Oct 31, 2023
Transactions value $
$0
Form type
4
Date filed
11/2/2023, 06:00 PM
Previous filing
Oct 18, 2023

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 +4K +48.43% $0.00 12.3K Oct 31, 2023 Common Stock 4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the economic equivalent of one share of NGVC common stock.
F2 These restricted stock units will vest in full on October 31, 2026.
F3 In addition to the transactions reported by this Form 4, includes: (a) 100 RSUs vesting October 15, 2024, (b) 480 RSUs vesting on each of October 1, 2024 and 2025, (c) 3,200 RSUs vesting on September 30, 2024, and (d) 4,000 RSUs vesting on November 1, 2025.

Remarks:

The Reporting Person is a party to a Stockholders Agreement that contains voting agreements and thus is a member of a Schedule 13D group that beneficially owns more than 10% of the issuer's common stock. The number of shares identified as beneficially owned by the Reporting Person excludes shares of Common Stock deemed to be beneficially owned by her solely because of this Stockholders Agreement.