Paula B. Stafford - Jan 3, 2022 Form 4 Insider Report for Novan, Inc. (NOVNQ)

Role
President and CEO, Director
Signature
/s/ Paula B. Stafford
Stock symbol
NOVNQ
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/25/2022, 07:12 PM
Previous filing
Nov 12, 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 +75K $0.00 75K Jan 3, 2022 Common Stock 75K $4.41 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 three installments, with one-half vesting upon the first anniversary of the grant date and one-half of the remaining options vesting on each of the next two anniversaries of the grant date.