Cleave Ernest M. 4

What Happened
Ernest M. Cleave, Senior Vice President of Business Development at NioCorp Developments Ltd (NB), received a grant of 97,720 derivative securities on July 6, 2026. The Form 4 reports an acquisition price of $0, indicating this was a compensation award (derivative grant), not an open‑market purchase or sale. No cash changed hands at grant; any future value depends on the type of derivative and NioCorp’s future share price.

Key Details

• Transaction date: July 6, 2026; filing date: July 8, 2026 (filed within the typical Form 4 two‑business‑day window).
• Amount: 97,720 derivative securities acquired; reported price $0.
• Vesting (footnote): 34% vested on the grant date (≈33,225), 33% vests on July 6, 2027 (≈32,248), and the remaining balance vests on July 6, 2028 (≈32,247).
• Shares owned after the transaction: not specified in the provided filing summary.
• No indication of a 10b5‑1 plan, tax withholding, or immediate sale in the filing excerpt provided.

Context
This is a standard executive compensation grant (derivative award) intended to align management with shareholders over time via staged vesting. Because the reported acquisition price is $0 and no immediate sale was reported, there was no instant cash realization. The award’s ultimate value will depend on the specific instrument (options vs. RSUs) and future share price; the filing provided only the grant and vesting schedule.