Paula B. Stafford - 03 Jan 2022 Form 4 Insider Report for Novan, Inc.

Role
President and CEO, Director
Signature
/s/ Paula B. Stafford
Issuer symbol
N/A
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
25 Jan 2022, 19:12:26 UTC
Previous filing
12 Nov 2021
SEC
View on sec.gov

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 +75,000 $0.000000 75,000 03 Jan 2022 Common Stock 75,000 $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.