John W. Palmour - 18 Mar 2022 Form 4 Insider Report for Novan, Inc.

Role: Director
Signature: /s/ John M. Gay, by power of attorney
Issuer symbol: N/A
Transactions as of: 18 Mar 2022
Net transactions value: +$36,350
Form type: 4
Filing time: 22 Mar 2022, 17:26:26 UTC
Previous filing: 18 Mar 2022
Next filing: 09 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NOVNQ	Common Stock	Purchase	$36,350	+10,000	+17%	$3.64^*	69,356	18 Mar 2022	Direct	F1
holding	NOVNQ	Common Stock						27,487	18 Mar 2022	By Palmour 2012 Irrevocable Children's Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $3.624 to $3.645, inclusive. The reporting person undertakes to provide to Novan, Inc., any security holder of Novan, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

Content

The price reported in column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $3.624 to $3.645, inclusive. The reporting person undertakes to provide to Novan, Inc., any security holder of Novan, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.