Raquel M. Isely - Sep 30, 2024 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
Sep 30, 2024
Transactions value $
-$30,406
Form type
4
Date filed
10/2/2024, 06:02 PM
Previous filing
Nov 2, 2023
Next filing
Oct 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NGVC Common Stock Options Exercise $0 +3.2K +2.93% $0.00 112K Sep 30, 2024 Direct F1
transaction NGVC Common Stock Tax liability -$26.3K -943 -0.84% $27.93 111K Sep 30, 2024 Direct F2
transaction NGVC Common Stock Options Exercise $0 +480 +0.43% $0.00 112K Oct 1, 2024 Direct F3
transaction NGVC Common Stock Tax liability -$4.07K -137 -0.12% $29.69 112K 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 -3.2K -26.1% $0.00 9.06K Sep 30, 2024 Common Stock 3.2K $0.00 Direct F4
transaction NGVC Restricted Stock Units Options Exercise $0 -480 -5.3% $0.00 8.58K Oct 1, 2024 Common Stock 480 $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 3,200 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 480 RSUs on October 1, 2024, where each RSU represented the economic equivalent of one share of NGVC common stock.
F4 Each RSU represents the economic equivalent of one share of NGVC common stock.
F5 Includes (a) 100 RSUs vesting October 15, 2024, (b) 480 RSUs vesting on October 1, 2025, (c) 4,000 RSUs vesting on November 1, 2025, and (d) 4,000 RSUs vesting on October 31, 2026.

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.