Item 8.01 Other Events.
On June 9, 2021, James "Jim" Barr, IV, Chief Executive Officer of Nautilus, Inc.
(the "Company"), adopted a pre-arranged stock trading plan (the "10b5-1 Plan")
designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as
amended, which permits persons to enter into a pre-arranged plan for buying or
selling Company stock at a time when such person is not in possession of
material, nonpublic information about the Company. Mr. Barr entered into the
10b5-1 Plan during the Company's open trading window period and in compliance
with the Company's insider trading policy providing for the exercise and sale of
his vested Company stock options. Shares may be sold under the 10b5-1 Plan on
the open market at prevailing market prices from time to time.
Mr. Barr entered into the 10b5-1 Plan as a part of his personal long-term
financial and tax planning strategies. Mr. Barr will remain a significant holder
of Company shares, and his compensation will continue to be heavily
performance-based.
Except as may be required by law, the Company does not undertake to report on
specific Rule 10b5-1 pre-planned stock trading plans of Company officers or
directors, nor to report modifications or terminations of the aforementioned
10b5-1 Plans or the plans of any other individual. The transactions under the
10b5-1 Plan will be disclosed publicly through Form 4 and/or Form 144 filings
with the Securities and Exchange Commission to the extent applicable.
© Edgar Online, source Glimpses