James L. Bierman - 07 Jun 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
07 Jun 2022
Net transactions value
$0
Form type
4
Filing time
09 Jun 2022, 17:28:45 UTC
Previous filing
11 May 2022
Next filing
23 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 Restricted Stock Units Award $0 +36,101 $0.000000 36,101 07 Jun 2022 Common Stock 36,101 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.