0001467154-21-000053.txt : 20210506 0001467154-21-000053.hdr.sgml : 20210506 20210506163928 ACCESSION NUMBER: 0001467154-21-000053 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210504 FILED AS OF DATE: 20210506 DATE AS OF CHANGE: 20210506 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SANDERS MACHELLE CENTRAL INDEX KEY: 0001718020 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37880 FILM NUMBER: 21898517 MAIL ADDRESS: STREET 1: C/O NOVAN, INC. STREET 2: 4105 HOPSON ROAD CITY: MORRISVILLE STATE: NC ZIP: 27560 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Novan, Inc. CENTRAL INDEX KEY: 0001467154 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 204427682 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4020 STIRRUP CREEK DRIVE, SUITE 110 CITY: DURHAM STATE: NC ZIP: 27703 BUSINESS PHONE: 919-485-8080 MAIL ADDRESS: STREET 1: 4020 STIRRUP CREEK DRIVE, SUITE 110 CITY: DURHAM STATE: NC ZIP: 27703 4 1 wf-form4_162033353760459.xml FORM 4 X0306 4 2021-05-04 0 0001467154 Novan, Inc. NOVN 0001718020 SANDERS MACHELLE C/O NOVAN, INC. 4020 STIRRUP CREEK DRIVE, SUITE 110 DURHAM NC 27703 1 0 0 0 Stock Option (Right to Buy) 1.29 2021-05-04 4 A 0 35000 0 A 2031-05-03 Common Stock 35000.0 35000 D The option vests in four equal quarterly installments, with the first installment vesting on August 4, 2021. Exhibit 24 - Substitute Power of Attorney /s/ John M. Gay, by power of attorney 2021-05-06 EX-24 2 ex-24.htm EXHIBIT 24 SUBSTITUTE POWER OF ATTORNEY

Exhibit 24


SUBSTITUTE POWER OF ATTORNEY

Under the terms of several powers of attorney previously filed with the U.S. Securities and Exchange Commission (the "Powers of Attorney"), the undersigned, Andrew J. Novak, was appointed attorney-in-fact for the following directors of Novan, Inc. (the "Company") to execute Section 16 filings for and on behalf of such directors and to do and perform any and all acts for and on behalf of such directors which may be necessary or desirable to complete and execute any such Form 3, 4, or 5.

W. Kent Geer
Robert J. Keegan
John Palmour
Machelle Sanders

In accordance with the authority granted under the Powers of Attorney, including the power of substitution, the undersigned hereby appoints each of John M. Gay and James R. Jolley as substitute attorneys-in-fact, on behalf of each of the above-named individuals, each with the power to act without any other and with full power of substitution, to exercise and execute all of the powers granted or conferred in the original Powers of Attorney. This Substitute Power of Attorney shall not revoke the powers granted to the undersigned in any Power of Attorney.

By their signatures as attorneys-in-fact to this Substitute Power of Attorney, John M. Gay and James R. Jolley accept such appointment and agree to assume from the undersigned any and all duties and responsibilities attendant to their capacity as attorneys-in-fact.

Date: May 4, 2021


By:  /s/ Andrew J. Novak
Name: Andrew J. Novak
Title: Attorney-in-Fact



WE ACCEPT THIS APPOINTMENT AND SUBSTITUTION:


/s/ John M. Gay
John M. Gay


/s/ James R. Jolley
James R. Jolley