Steven D. Skolsky - Jun 6, 2023 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 6, 2023
Transactions value $
$0
Form type
4
Date filed
6/8/2023, 09:21 PM
Previous filing
Jun 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOVNQ Common Stock Options Exercise $0 +36.1K $0.00 36.1K Jun 7, 2023 Direct F1

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 +103K $0.00 103K Jun 6, 2023 Common Stock 103K Direct F2, F3
transaction NOVNQ Restricted Stock Units Options Exercise $0 -36.1K -100% $0.00* 0 Jun 7, 2023 Common Stock 36.1K Direct F2, F4
* 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") on June 7, 2022. Each RSU represented a contingent right to receive one share of the Issuer's Common Stock. 36,101 RSUs fully vested on June 7, 2023 and were settled in shares of the Issuer's Common Stock.
F2 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F3 The RSUs shall be fully vested on the first anniversary of the grant date of such RSUs, subject to the Reporting Person's continued service as of the vesting date.
F4 The RSUs fully vested on June 7, 2023.