A. Donofrio John - Mar 11, 2022 Form 4 Insider Report for Novan, Inc. (NOVNQ)

Role
EVP, Chief Operating Officer
Signature
/s/ John M. Gay, by power of attorney
Stock symbol
NOVNQ
Transactions as of
Mar 11, 2022
Transactions value $
$0
Form type
4
Date filed
3/18/2022, 05:51 PM
Next filing
Jun 8, 2023

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 Mar 11, 2022 Common Stock 75K $3.56 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 equal annual installments, on each anniversary of the grant date until fully vested.