Todd Dissinger - Sep 30, 2024 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role
Chief Financial Officer
Signature
/s/ Todd Dissinger
Stock symbol
NGVC
Transactions as of
Sep 30, 2024
Transactions value $
-$241,230
Form type
4
Date filed
10/2/2024, 06:01 PM
Previous filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NGVC Common Stock Options Exercise $0 +25K +55.31% $0.00 70.2K Sep 30, 2024 Direct F1
transaction NGVC Common Stock Tax liability -$201K -7.19K -10.24% $27.93 63K Sep 30, 2024 Direct F2
transaction NGVC Common Stock Options Exercise $0 +3.52K +5.59% $0.00 66.5K Oct 1, 2024 Direct F3
transaction NGVC Common Stock Tax liability -$40.5K -1.36K -2.05% $29.69 65.2K Oct 1, 2024 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 -25K -29.37% $0.00 60.1K Sep 30, 2024 Common Stock 25K $0.00 Direct F4
transaction NGVC Restricted Stock Units Options Exercise $0 -3.52K -5.85% $0.00 56.6K Oct 1, 2024 Common Stock 3.52K $0.00 Direct F4, F5
* 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 25,000 restricted stock units ("RSUs") on September 30, 2024, 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 Represents shares of NGVC common stock issued to the reporting person upon the vesting of 3,520 RSUs on October 1, 2024, where each RSU represented the economic equivalent of one share of NGVC common stock.
F4 Each RSU represents a contingent right to receive one share of NGVC common stock.
F5 Includes: (a) 1,920 RSUs vesting on October 1, 2025; (b) 31,876 RSUs vesting on December 31, 2024; (c) 11,407 RSUs vesting on August 15, 2025; and (d) 11,406 RSUs vesting on August 15, 2026.