LEDOUX MARK A 4

What Happened
Mark A. Ledoux, a 10% owner and officer of Natural Alternatives International, received a grant of 20,000 restricted shares under the company's 2020 Omnibus Incentive Plan and, separately, had 3,484 shares resold to the company to satisfy tax withholding tied to a vesting event. The 3,484 shares were valued at $2.73 each (total ~$9,511) based on the March 6, 2026 closing price.

Key Details

• Transaction dates: March 6, 2026 (reported on Form 4 filed March 10, 2026). Filing appears timely under the two-business-day rule.
• Grant: 20,000 restricted shares (code A) granted under the 2020 Omnibus Incentive Plan; footnote shows vesting schedule of one-third on March 7, 2027, one-third on March 7, 2028, and one-third on March 7, 2029.
• Tax withholding/resale: 3,484 shares (code F) were resold to the issuer to cover tax liability tied to the vesting of 10,667 restricted shares (vested March 7, 2026); price used $2.73/share, proceeds ≈ $9,511.
• Shares owned after the transactions: not specified in the filing.
• Nature of transactions: Grant is an award (acquisition); the 3,484-share resale was a tax-withholding/cashless-type disposition—routine and not an open-market sale.

Context
Restricted stock grants are compensation and typically vest over time; the resale of shares to cover taxes is a common administrative step and does not necessarily indicate buying or selling for investment reasons. As a 10% owner and officer, Ledoux’s activity is insider-level reporting but the grant itself is compensation rather than a market purchase.