Cerkovnik Edward 4

What Happened Edward Cerkovnik, a director of Natural Grocers by Vitamin Cottage, received an award of 2,253 restricted stock units (RSUs) on March 4, 2026 (reporting code A). On March 5, 2026, 1,532 RSUs vested and were converted into 1,532 shares of NGVC common stock (reported as exercise/conversion, code M). Those 1,532 shares were also reported as disposed on March 5, 2026. All reported transactions show a $0.00 per-share price because the entries reflect RSU settlement and subsequent disposition rather than an open-market purchase price.

Key Details

• Transaction dates and codes: March 4, 2026 — Grant of 2,253 RSUs (A); March 5, 2026 — Vest/settlement of 1,532 RSUs to shares (M, acquired) and simultaneous disposition of 1,532 shares (M, disposed).
• Prices/values reported: $0.00 per share for the RSU grant, settlement and disposition entries (reflecting RSU-to-share conversion rather than a cash purchase).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • F1: The 1,532 shares came from RSUs that vested on March 5, 2026; each RSU equals one share.
  • F2: Each RSU is a contingent right to one share.
  • F3: The 2,253 RSUs were granted for board service and will vest on March 4, 2027, subject to continued service.
• Timeliness: The Form 4 was filed on March 6, 2026 for transactions on March 4–5, 2026, which appears to be a timely filing under Form 4 rules.

Context Restricted stock units convert into shares when they vest; here 1,532 RSUs vested and were settled into shares that were reported as disposed the same day. The filing does not state the reason for the sale (common reasons include tax withholding or routine liquidation), and it does not report a cash transaction price because the reported entries reflect RSU settlement/conversion and disposition rather than a typical open-market purchase/sale. The remaining 2,253 RSUs granted on March 4, 2026 are subject to vesting on March 4, 2027.