NARAYAN RAMANI exercised options at NORTHERN TECHNOLOGIES INTERNATIONAL CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 4 exercises

NARAYAN RAMANI

Filed: 10/3/2022ACC: 0001526513-22-000009

InsiderNARAYAN RAMANICIK 1309741

→

IssuerNORTHERN TECHNOLOGIES INTERNATIONAL CORPCIK 875582

Director

Since Sep 2018

0.00

Net shares

Net seller

$385.8K

Total acquired

Open market trades

0B · 0S

Total transactions

43.76K acquired · 43.76K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+8K

Price / share

$6.70

Trade value

$53.60K

% of position

12.7%

9/29/2022

63K→71K

Common Stock

Direct

M · Option Exercise

+8K

Price / share

$9.18

Trade value

$73.40K

% of position

11.3%

9/29/2022

71K→79K

Common Stock

Direct

M · Option Exercise

+11.74K

Price / share

$10.80

Trade value

$126.76K

% of position

14.9%

9/29/2022

79K→90.74K

Common Stock

Direct

M · Option Exercise

+16.03K

Price / share

$8.24

Trade value

$132.05K

% of position

17.7%

9/29/2022

90.74K→106.76K

Total

Net shares

+43.76K

Net value

$385.81K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/29/2022	M · Option Exercise	+8K	$6.70	$53.60K	12.7%	63K	71K
Common Stock Direct	9/29/2022	M · Option Exercise	+8K	$9.18	$73.40K	11.3%	71K	79K
Common Stock Direct	9/29/2022	M · Option Exercise	+11.74K	$10.80	$126.76K	14.9%	79K	90.74K
Common Stock Direct	9/29/2022	M · Option Exercise	+16.03K	$8.24	$132.05K	17.7%	90.74K	106.76K
Total			+43.76K		$385.81K

Derivative Transactions4

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

8K shares

−8K

Strike price

6.7

Held after

0.00

Exercisable

—

9/29/2022

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

8K shares

−8K

Strike price

9.175

Held after

0.00

Exercisable

—

9/29/2022

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

11.74K shares

−11.74K

Strike price

10.8

Held after

0.00

Exercisable

—

9/29/2022

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

16.03K shares

−16.03K

Strike price

8.24

Held after

0.00

Exercisable

—

9/29/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Stock Option (right to buy) Direct	Common Stock8K shares	9/29/2022	M · Option Exercise	−8K	6.7	—
Stock Option (right to buy) Direct	Common Stock8K shares	9/29/2022	M · Option Exercise	−8K	9.175	—
Stock Option (right to buy) Direct	Common Stock11.74K shares	9/29/2022	M · Option Exercise	−11.74K	10.8	—
Stock Option (right to buy) Direct	Common Stock16.03K shares	9/29/2022	M · Option Exercise	−16.03K	8.24	—