Alan L. Chan - 03 Jul 2023 Form 4 Insider Report for NAUTILUS, INC. (NLS)

Role
Chief Legal and People Officer
Signature
/s/ Alan L. Chan
Issuer symbol
NLS
Transactions as of
03 Jul 2023
Transactions value $
$0
Form type
4
Date filed
06 Jul 2023, 20:33
Previous filing
25 Aug 2022
Next filing
08 Aug 2023
SEC
View on sec.gov

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 NLS Restricted Stock Units Award $0 +25K $0.00 25K 03 Jul 2023 Common Stock 25K Direct F1, F2
transaction NLS Restricted Stock Units Award $0 +43.1K $0.00 43.1K 03 Jul 2023 Common Stock 43.1K Direct F1, F3
transaction NLS Stock Option (Right to Buy) Award $0 +64.6K $0.00 64.6K 03 Jul 2023 Common Stock 64.6K $1.19 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.
F2 On July 3, 2023, the reporting person was granted 25,000 RSUs, vesting in three installments on July 3, 2024 (40%), May 16, 2025 (40%), and May 16, 2026 (20%), subject to the reporting person's provision of services to the Issuer on such vesting dates. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
F3 On July 3, 2023, the reporting person was granted 43,087 RSUs, vesting in three equal installments on July 3, 2024, May 16, 2025, and May 16, 2026, subject to the reporting person's provision of services to the Issuer on such vesting dates. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
F4 The option vests in three equal installments on July 3, 2024, May 16, 2025, and May 16, 2026.