John M. Gay - May 17, 2021 Form 4 Insider Report for Novan, Inc. (NOVNQ)

Role
Chief Financial Officer
Signature
/s/ John M. Gay
Stock symbol
NOVNQ
Transactions as of
May 17, 2021
Transactions value $
$0
Form type
4
Date filed
5/19/2021, 04:14 PM
Next filing
May 28, 2021

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 NOVNQ Stock Option (Right to Buy) Award $0 +25K $0.00 25K May 17, 2021 Common Stock 25K $1.18 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests in four equal quarterly installments, with the first installment vesting on June 30, 2021.