Honan Scott 4

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.