Johnson Dwayne Arnold 4

What Happened

Dwayne Arnold Johnson, Chief Operating Officer of NOVONIX Ltd (NVX), recorded the lapse/forfeiture of 2,932,881 performance-based derivative shares on 2026-05-27. The filing shows six derivative dispositions (transaction code J) totaling 2,932,881 shares disposed at $0.00, reflecting a lapse of performance rights on cessation of employment — not an open-market sale, so no cash proceeds were received.

Key Details

• Transaction date: 2026-05-27. All six entries show price $0.00 and zero cash proceeds.
• Share breakdown: 1,724,285 + 173,062 + 258,883 + 258,884 + 258,883 + 258,884 = 2,932,881 shares lapsed.
• Transaction type: Derivative dispositions due to lapse of performance rights (remark in filing).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed on 2026-05-27 (same date as the reported transactions); no late filing indicated.
• Footnote: Filing explicitly states "Lapse of performance rights on cessation of employment."

Context

This was a forfeiture/lapse of performance rights tied to the officer’s departure — not a sale on the market — so it does not represent a cash exit by the insider. For investors, lapses reduce potential future dilution from those specific awards but do not provide a direct market signal in the way an open-market insider sale or purchase would.