Michael G. Maselli - 13 Nov 2024 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
Director
Signature
/s/ Neal S. Shah, as attorney-in-fact
Issuer symbol
NB
Transactions as of
13 Nov 2024
Net transactions value
$0
Form type
4
Filing time
23 Dec 2024, 16:00:17 UTC
Previous filing
16 Feb 2024
Next filing
23 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NB Common Shares Other +323,085 +111% 613,081 20 Dec 2024 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 NB Class B Common Stock of Elk Creek Resources Corp Other -323,085 -57% 239,996 20 Dec 2024 Common Shares 323,085 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects exchange of Class B common stock of Elk Creek Resources Corp ("Elk Class B Shares") exchanged for the Issuer's common shares on a one-for-one basis. Unvested Elk Class B Shares will vest if, from the closing of the Business Combination until the tenth anniversary thereof, the volume-weighted average price ("VWAP") of the Issuer's common shares exceeds certain thresholds as follows: (a) one-half will vest if the VWAP of the Issuer's common shares exceeds $12.50 for any 20 trading days within any 30 trading day period, and (b) the remaining half will vest if the VWAP of the Issuer's common shares exceeds $15.00 for any 20 trading days within any 30 trading day period.
F2 Elk Class B shares were acquired from GX Sponsor II LLC ("Sponsor") in a pro rata distribution to all Sponsor members immediately following the closing of the business combination (the "Business Combination") contemplated by the Business Combination Agreement, dated as of September 25, 2022, as amended, entered into by and among GX Acquisition Corp. II, the Issuer, and Big Red Merger Sub Ltd, a wholly owned subsidiary of the Issuer. After the closing of the Business Combination, GX Acquisition Corp. II became an indirect subsidiary of the Issuer and changed its name to "Elk Creek Resources Corp." Reflects vested Elk Class B shares eligible for exchange to Issuer's common shares.
F3 Includes 239,996 unvested Elk Class B Shares.