Richard Halle - Nov 4, 2024 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role
CFO (appointee)
Signature
/s/ Kemper Isely, by Power of Attorney
Stock symbol
NGVC
Transactions as of
Nov 4, 2024
Transactions value $
$136,700
Form type
4
Date filed
11/6/2024, 06:02 PM
Previous filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NGVC Common Stock Award $205K +7.5K +12.69% $27.34 66.6K Nov 4, 2024 Direct F1
transaction NGVC Common Stock Tax liability -$68.4K -2.5K -3.75% $27.34 64.1K Nov 4, 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 Award $0 +200K +5353.32% $0.00 204K Nov 4, 2024 Common Stock 200K $0.00 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a fully vested grant of NGVC common stock issued to the reporting person on November 4, 2024.
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 issuance of the stock grant.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of NGVC common stock.
F4 These RSUs will vest in full on November 4, 2029. Such RSUs will become fully vested upon the occurrence of a change in control or corporate transaction affecting the issuer.
F5 In addition to the transactions reported on this Form 4, includes 3,736 RSUs vesting on March 6, 2025.

Remarks:

The reporting person, who served as a director of the issuer until October 31, 2024, was appointed Chief Financial Officer effective January 1, 2025.