W. Kent Geer - Jun 7, 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
Jun 7, 2022
Transactions value $
$0
Form type
4
Date filed
6/9/2022, 05:26 PM
Previous filing
May 28, 2021
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 Restricted Stock Units Award $0 +36.1K $0.00 36.1K Jun 7, 2022 Common Stock 36.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs") as the annual award made on the annual meeting date pursuant to the terms of the Issuer's Non-Employee Director Compensation Policy, and each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F2 The RSUs shall be fully vested on the first anniversary of the grant date of such RSUs.