Todd Dissinger - 31 Dec 2024 Form 4 Insider Report for Natural Grocers by Vitamin Cottage, Inc. (NGVC)

Role
Chief Financial Officer
Signature
/s/ Kemper Isely, by power of attorney
Issuer symbol
NGVC
Transactions as of
31 Dec 2024
Net transactions value
-$784,830
Form type
4
Filing time
03 Jan 2025, 17:00:36 UTC
Previous filing
02 Oct 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 +45,203 +69% $0.000000 110,369 31 Dec 2024 Direct F1
transaction NGVC Common Stock Tax liability $784,830 -19,774 -18% $39.69 90,595 31 Dec 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 -45,203 -80% $0.000000 11,406 31 Dec 2024 Common Stock 45,203 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Todd Dissinger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of NGVC common stock issued to the reporting person upon the vesting of 45,203 restricted stock units ("RSUs") including: 31,876 shares received upon vesting of RSUs granted September 30, 2022; 1,920 shares received upon acceleration of RSUs granted on October 1, 2020; and 11,407 shares received upon acceleration of RSUs granted on August 15, 2023. 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 Each RSU represents a contingent right to receive one share of NGVC common stock.
F4 Remaining RSUs will be forfeited following reporting person's retirement on December 31, 2024.