NOVAK ANDREW 4
4 · Novan, Inc. · Filed May 16, 2018
Insider Transaction Report
Form 4
Novan, Inc.NOVN
NOVAK ANDREW
Chief Accounting Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2018-05-12$3.14/sh+25,000$78,500→ 25,000 totalExercise: $3.14Exp: 2028-03-31→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1]The Option shall become vested and exercisable in three equal installments, with 1/3 of the shares subject to the Option vesting immediately as of May 12, 2018, the date of grant. Thereafter, 1/3 of the shares subject to the Option shall vest annually upon each anniversary of April 1, 2018 (the "Vesting Commencement Date"), such that the Option shall be fully vested and exercisable on the second anniversary of the Vesting Commencement Date.