Sandra Buffa - 01 Mar 2024 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 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Mar 2024, 17:33:34 UTC
Previous filing: 14 Aug 2023
Next filing: 08 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	+2,667	+47%	$0.000000	8,283	01 Mar 2024	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	Options Exercise	$0	-2,667	-100%	$0.000000^*	0	01 Mar 2024	Common Stock	2,667	$0.000000	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 2,667 restricted stock units on March 1, 2024, 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.