Northern Technologies director sells 12,000 shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Northern Technologies International Corp director Richard Nigon exercised a fully vested stock option for 12,000 shares of common stock at an exercise price of $6.70 per share on July 20, 2026, then sold 12,000 shares at a weighted average price of $8.004 per share in multiple trades between $8.00 and $8.04. The exercised option now has no remaining shares.
Insider Trade Summary
Exercise and Sale: 12,000 shares ($16K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
NIGON RICHARD
Role
Director
Sold
12,000 shs ($96K)
Approx. gross sale proceeds
$96K
Approx. exercise cost
$80K
Approx. pre-tax spread
$16K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F2 | 12,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,000 | $6.70 | $80K |
| Sale | Common Stock F1 | 12,000 | $8.004 | $96K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 47,148 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.04, inclusive. The reporting person undertakes to provide to Northern Technologies International Corporation (NTIC), any security holder of NTIC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2. This option has fully vested.
Key Figures
Shares sold: 12,000 shares
Sale weighted average price: $8.004 per share
Sale price range: $8.00–$8.04 per share
+4 more
7 metrics
Shares sold
12,000 shares
Common Stock sale on July 20, 2026
Sale weighted average price
$8.004 per share
Weighted average sale price for 12,000 Common Stock shares
Sale price range
$8.00–$8.04 per share
Individual trades executed within this price range
Options exercised
12,000 shares
Stock Option (right to buy) converted into Common Stock
Exercise price
$6.70 per share
Conversion or exercise price of the stock option
Option expiration date
2026-08-31
Expiration date of the fully vested stock option
Option shares remaining
0 shares
Total shares following transaction for the exercised option
Key Terms
Stock Option (right to buy), weighted average price, Exercise or conversion of derivative security, Sale in open market or private transaction
4 terms
Stock Option (right to buy) financial
"security title listed as “Stock Option (right to buy)” for the derivative"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Exercise or conversion of derivative security regulatory
"transaction code description states “Exercise or conversion of derivative security”"
Sale in open market or private transaction financial
"transaction code description notes “Sale in open market or private transaction”"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NTIC director Richard Nigon report?
Director Richard Nigon reported exercising a fully vested stock option for 12,000 Northern Technologies (NTIC) common shares at $6.70 per share and immediately disposing of 12,000 shares through a sale on July 20, 2026, completing an exercise-and-sell sequence that exhausted that option grant.
Did Richard Nigon exercise stock options in this NTIC transaction, and at what strike price?
Yes. He exercised a stock option for 12,000 NTIC shares of common stock at an exercise price of $6.70 per share. The exercise involved a derivative security described as a “Stock Option (right to buy)” that converted into the same number of common shares.
Were the NTIC stock options exercised by Richard Nigon fully vested and when did they expire?
The option exercised by Richard Nigon was reported as fully vested. It covered 12,000 shares at a $6.70 exercise price and carried an expiration date of August 31, 2026, after which no shares under that specific option remained outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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