RICHARD NIGON - 26 Jul 2023 Form 4 Insider Report for NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)

Role
Director
Signature
/s/Matthew C Wolsfeld
Issuer symbol
NTIC
Transactions as of
26 Jul 2023
Transactions value $
-$22,474
Form type
4
Filing time
27 Jul 2023, 17:48:36 UTC
Previous filing
17 May 2023
Next filing
06 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTIC Common Stock Options Exercise $88.2K +12K +39.22% $7.35 42.6K 26 Jul 2023 Direct
transaction NTIC Common Stock Tax liability -$88.2K -7.15K -16.79% $12.33 35.4K 26 Jul 2023 Direct
transaction NTIC Common Stock Sale -$22.5K -1.85K -5.21% $12.17 33.6K 27 Jul 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 NTIC Stock Option (right to buy) Options Exercise $0 -12K -100% $0.00* 0 26 Jul 2023 Common Stock 12K $7.35 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.05 to $12.25, inclusive. The reporting person undertakes to provide to Northern Technologies International Corporation, any security holder of Northern Technologies International Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
F2 This option has fully vested.