Honan Scott 4
4 · NIOCORP DEVELOPMENTS LTD · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
NioCorp COO Scott Honan Receives 162,866-Share Option Award
What Happened
Scott Honan, Chief Operating Officer of NioCorp Developments Ltd (NB), received a derivative award on July 6, 2026 covering 162,866 shares at a $0.00 acquisition price. The filing records this as an award/grant (transaction code A) — a compensation-related option/derivative grant, not an open-market buy or sale, so there were no proceeds or cash exchanged at grant.
Key Details
- Transaction date: July 6, 2026; Form 4 filed July 8, 2026.
- Award: 162,866 derivative shares/options; reported price $0.00.
- Vesting: 34% vested on grant date; 33% vests on first anniversary; remaining balance vests on second anniversary (July 6, 2028).
- Shares owned after transaction: not specified in the filing.
- Transaction type: Award/Grant (A); this is compensation, not a purchase or sale.
- No indication in the filing that options were exercised or sold immediately.
Context
This is a typical equity-compensation grant to an executive. Because it’s a derivative/options award with staged vesting, any economic benefit depends on future vesting and potential exercise/sale decisions. The immediate 34% vesting means a portion is already vested, but the filing does not show exercise or sale proceeds.
Insider Transaction Report
- Award
Employee Stock Option (Right to Buy)
[F1]2026-07-06+162,866→ 162,866 totalExercise: $4.74Exp: 2031-07-06→ Common Shares (162,866 underlying)
Footnotes (1)
- [F1]34% of the options vested on the grant date, 33% of the options will vest on the first anniversary of the grant date, and the remaining balance will vest on the second anniversary of the grant date (July 6, 2028).