James L. Bierman - Mar 25, 2022 Form 4 Insider Report for Novan, Inc. (NOVNQ)

Role: Director
Signature: /s/ John M. Gay, by power of attorney
Stock symbol: NOVNQ
Transactions as of: Mar 25, 2022
Transactions value $: $7,090
Form type: 4
Date filed: 3/28/2022, 05:01 PM
Previous filing: May 28, 2021
Next filing: Mar 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NOVNQ	Common Stock	Purchase	$7.09K	+2K		$3.55^*	2K	Mar 25, 2022	Direct	F1

* 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 $3.49 to $3.60, 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 $3.49 to $3.60, 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.