Richard Halle - 04 Nov 2024 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role
CFO (appointee)
Signature
/s/ Kemper Isely, by Power of Attorney
Issuer symbol
NGVC
Transactions as of
04 Nov 2024
Net transactions value
+$136,700
Form type
4
Filing time
06 Nov 2024, 18:02:27 UTC
Previous filing
08 Mar 2024
Next filing
10 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NGVC Common Stock Award $205,050 +7,500 +13% $27.34 66,600 04 Nov 2024 Direct F1
transaction NGVC Common Stock Tax liability $68,350 -2,500 -3.8% $27.34 64,100 04 Nov 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 +200,000 +5353% $0.000000 203,736 04 Nov 2024 Common Stock 200,000 $0.000000 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.