Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NOVNQ | Common Stock | Options Exercise | $0 | +65K | +2600% | $0.00 | 67.5K | Jun 7, 2023 | Direct | F1 |
transaction | NOVNQ | Common Stock | Tax liability | $0 | -20.7K | -30.62% | $0.00 | 46.8K | Jun 7, 2023 | Direct | F2 |
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 | +65K | $0.00 | 65K | Jun 6, 2023 | Common Stock | 0 | Direct | F3, F4 | ||
transaction | NOVNQ | Restricted Stock Units | Options Exercise | $0 | -65K | -100% | $0.00* | 0 | Jun 7, 2023 | Common Stock | 0 | Direct | F3, F5 | |
transaction | NOVNQ | Restricted Stock Units | Award | $0 | +200K | $0.00 | 200K | Jun 6, 2023 | Common Stock | 0 | Direct | F3, F6 |
Id | Content |
---|---|
F1 | The Issuer approved the grant of restricted stock units ("RSUs") to the Reporting Person on February 28, 2023, subject to stockholder approval of the amendment to the Issuer's 2016 Incentive Award Plan (the "2016 Plan Amendment") under which the RSU was granted. The Issuer's stockholders approved the 2016 Plan Amendment on June 7, 2023. Each RSU represented a contingent right to receive one share of the Issuer's Common Stock. 65,000 RSUs fully vested on June 7, 2023 and were settled in shares of the Issuer's Common Stock. |
F2 | Estimated number of shares related to settle tax obligation calculated using the June 8, 2023 closing share price of $0.8526. |
F3 | Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. |
F4 | The RSUs shall be fully vested at the close of business on the business day following the Issuer's annual meeting of stockholders where the 2016 Plan Amendment was approved, subject to the Reporting Person's continued employment with the Issuer as of the vesting date. |
F5 | The RSUs fully vested on June 7, 2023. |
F6 | One-half of the RSUs shall vest on June 6, 2024 and the remaining one-half of the RSUs shall vest on June 6, 2025, subject to the Reporting Person's continued employment with the Issuer as of each applicable vesting date. |