Neal S. Shah - Nov 15, 2023 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
Chief Financial Officer
Signature
/s/ Neal S. Shah
Stock symbol
NB
Transactions as of
Nov 15, 2023
Transactions value $
-$1
Form type
4
Date filed
11/17/2023, 04:30 PM
Previous filing
Aug 11, 2023
Next filing
Dec 22, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NB Common Shares Options Exercise $138K +35K +63.64% $3.93 90K Nov 15, 2023 Direct F1
transaction NB Common Shares Tax liability -$138K -33.7K -37.43% $4.09 56.3K Nov 15, 2023 Direct F2

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 NB Employee Stock Option (right to buy) Options Exercise $0 -35K -100% $0.00* 0 Nov 15, 2023 Common Shares 35K $3.93 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option exercise price reflected was converted from Canadian exercise price of C$5.40 using an exchange rate of C$1.3725 = US$1.00 as reported by the Bank of Canada on November 14, 2023.
F2 Sale price of common shares withheld in satisfaction of option exercise price is based on the closing price of the common shares on the Toronto Stock Exchange on November 14, 2023 of C$5.61, which was converted using an exchange rate of C$1.3725 = US$1.00 as reported by the Bank of Canada on November 14, 2023.
F3 The option, representing a right to purchase a total of 35,000 Common Shares, became exercisable in installments as follows: 50% on May 15, 2019; 25% on November 15, 2019; and the remaining balance on May 15, 2020.