STOCK TITAN
  1. Home
  2. Sec-filings
  3. NTIC
  4. [Form 4] Northern Technologies International Corp. Insider Trading Activity

Northern Technologies (NTIC) Form 4: Option Exercise & Share Disposal

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

On 07/24/2025 Northern Technologies International Corp. (NTIC) director Richard Nigon filed a Form 4 reporting two insider transactions. He exercised 12,000 stock options at an exercise price of $7.43 (Transaction Code M), converting them into common shares. A separate Code F entry shows the disposition of 10,873 shares at $8.20, typically representing shares withheld for taxes. After both moves, Nigon’s direct ownership stands at 39,062 shares; the related option position is now fully settled with zero derivative securities remaining. The exercised option was fully vested and would have expired on 08/31/2025.

Positive

  • 12,000 options exercised, converting derivative exposure into common shares and modestly boosting insider equity alignment.

Negative

  • 10,873 shares disposed via Code F, slightly reducing the gross number of shares acquired and limiting insider ownership growth.

Insights

TL;DR: Routine Form 4; modest net share increase, neutral impact.

The filing reflects normal insider activity rather than a strategic buy or sale. Exercising options shortly before their 08/31/25 expiry avoids forfeiture and converts derivative exposure into equity at $7.43. Although 10,873 shares were concurrently disposed of under Code F, the director retains a net 39,062-share stake, signalling continued alignment with shareholders. No new options were granted, and no material information about NTIC’s operations or outlook is revealed. Given the small size relative to NTIC’s float, the transaction is not expected to move the stock.

Insider NIGON RICHARD
Role Director
Type Security Shares Price Value
Exercise Stock Option (right to buy) 12,000 $0.00 --
Exercise Common Stock 12,000 $7.43 $89K
Tax Withholding Common Stock 10,873 $8.20 $89K
Holdings After Transaction: Stock Option (right to buy) — 0 shares (Direct); Common Stock — 49,935 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
NIGON RICHARD
(Last) (First) (Middle)
C/O NORTHERN TECHNOLOGIES INT'L CORP.
4201 WOODLAND ROAD, PO BOX 69
(Street)
CIRCLE PINES MN 55014
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NORTHERN TECHNOLOGIES INTERNATIONAL CORP [ NTIC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/24/2025 M 12,000 A $7.43 49,935 D
Common Stock 07/24/2025 F 10,873 D $8.2 39,062 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $7.43 07/24/2025 M 12,000 (1) 08/31/2025 Common Stock 12,000 $0 0 D
Explanation of Responses:
1. This option has fully vested.
/s/ Matthew C. Wolsfeld-Attorney-in-fact 07/28/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did NTIC report on Form 4?

Director Richard Nigon exercised 12,000 options and disposed of 10,873 common shares on 07/24/2025.

At what price were the NTIC options exercised?

The options were exercised at an exercise price of $7.43 per share.

How many NTIC shares were sold or withheld?

A total of 10,873 shares were disposed of at $8.20 under Transaction Code F.

What is Richard Nigon’s NTIC share ownership after the transactions?

He now directly owns 39,062 common shares.

When would the exercised NTIC options have expired?

The options were due to expire on 08/31/2025.