RANDALL A. MASON - 07 Feb 2023 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role: Director
Signature: /s/ Timothy S. Davidson, by Power of Attorney
Issuer symbol: NHTC
Transactions as of: 07 Feb 2023
Net transactions value: -$7,935
Form type: 4
Filing time: 09 Feb 2023, 17:27:58 UTC
Previous filing: 16 Dec 2022
Next filing: 16 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHTC	Common Stock	Options Exercise		+1,667	+0.73%		230,501	07 Feb 2023	Direct	F1
transaction	NHTC	Common Stock	Disposed to Issuer	$7,935	-1,667	-0.72%	$4.76	228,834	07 Feb 2023	Direct
holding	NHTC	Common Stock						23,899	07 Feb 2023	By Marden Rehabilitation Associates, Inc.

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	NHTC	Phantom Stock	Award	$0	+13,333		$0.000000	13,333	07 Feb 2023	Common Stock	13,333		Direct	F1, F2
transaction	NHTC	Phantom Stock	Options Exercise		-1,667	-13%		11,666	07 Feb 2023	Common Stock	1,667		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom share entities the holder to receive a cash payment equal to the fair market value of one share of NHTC common stock on the applicable vesting date, subject to satisfaction of the applicable vesting conditions and a maximum payment value of $12.00 per phantom share.
F2	The phantom shares vest in eight (8) equal three-month increments, subject to the satisfaction of both a time-based and a performance-based vesting condition. See the Company's Current Report on Form 8-K filed February 9, 2023.