FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Wiseman Garry R
2. Issuer Name and Ticker or Trading Symbol

NAUTILUS, INC. [ NLS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP and Chief Digital Officer
(Last)          (First)          (Middle)

C/O NAUTILUS, INC., 17750 SE 6TH WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

2/23/2022
(Street)

VANCOUVER, WA 98683
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Unit Award $0.0 2/23/2022 2/23/2022 A   30025 (1)    (2) (2)Common Stock 30025.0 $0 30025 D  

Explanation of Responses:
(1) Grant to reporting person of Performance Unit Award ("PUA") under the Nautilus, Inc. Amended and Restated 2015 Long-Term Incentive Plan. The PUA is an award of a specified number of performance units, each of which represents a contingent right to receive one share of Nautilus, Inc. common stock.
(2) The performance units ("Units") vest in two installments upon Nautilus, Inc.'s common stock achieving a specified price per share over a defined period (the "Performance Goal" and the "Performance Period"). If the Performance Goal is met prior to 2/23/2024, one-half of the Units will vest on 2/23/2024, and one-half of the Units will vest on 2/23/2025; if the Performance Goal is met after 2/23/2024, one-half of the Units will vest on the date the Performance Goal is achieved and one-half of the Units will vest on 2/23/2025 (which is the last day of the Performance Period). The number of shares reported represents the maximum that may be earned, which is 100% of the number of Units awarded. No number of Units are guaranteed to vest and the actual number of Units that will vest during the Performance Period is contingent on achieving the Performance Goal during the Performance Period and contingent on the reporting person's continued service through the vesting dates.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Wiseman Garry R
C/O NAUTILUS, INC.
17750 SE 6TH WAY
VANCOUVER, WA 98683


SVP and Chief Digital Officer

Signatures
/s/ Alan L. Chan, Attorney-in-Fact for Garry R. Wiseman2/25/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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