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

Role
EVP, Chief Operating Officer
Signature
/s/ John M. Gay, by power of attorney
Issuer symbol
N/A
Transactions as of
11 Mar 2022
Net transactions value
$0
Form type
4
Filing time
18 Mar 2022, 17:51:41 UTC
Next filing
08 Jun 2023
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 11 Mar 2022 Common Stock 75,000 $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.