JAMES L. BIERMAN - 26 May 2021 Form 4 Insider Report for Novan, Inc. (NOVNQ)

Role
Director
Signature
/s/ John M. Gay, by power of attorney
Issuer symbol
NOVNQ
Transactions as of
26 May 2021
Net transactions value
$0
Form type
4
Filing time
28 May 2021, 16:59:41 UTC
Previous filing
11 May 2021
Next filing
28 May 2021
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 Stock Option (Right to Buy) Award $0 +8,923 $0.000000 8,923 26 May 2021 Common Stock 8,923 $9.19 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests in four equal quarterly installments, with the first installment vesting on August 26, 2021.