Northern Technologies director granted 15K options

NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) reported that director Narayan Ramani received a grant of stock options on September 1, 2026 to acquire 15,044 shares of common stock at an exercise price of $8.08 per share.

Rhea-AI Filing Summary

NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) reported that director Narayan Ramani received a grant of stock options on September 1, 2026 to acquire 15,044 shares of common stock at an exercise price of $8.08 per share. The options become exercisable on September 1, 2027 and expire on August 31, 2036. After this grant, he holds 15,044 options and 106,763 common shares directly. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 15,044 shares

Grant/Award 2 txns

Insider Narayan Ramani

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy)	15,044	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 15,044 contracts (Direct); Common Stock — 106,763 shares (Direct)

Key Figures

Stock options granted: 15,044 options Exercise price: $8.08 per share Option exercisability date: September 1, 2027 +3 more

6 metrics

Stock options granted 15,044 options Grant to director Narayan Ramani on September 1, 2026

Exercise price $8.08 per share Exercise price of the 15,044 stock options granted

Option exercisability date September 1, 2027 Date on which the granted options become exercisable

Option expiration date August 31, 2036 Expiration of the granted stock options

Common shares held after transaction 106,763 shares Directly owned NTIC common stock by Narayan Ramani after the grant

Options held after transaction 15,044 options Direct derivative holdings following the reported grant

Key Terms

Stock Option (right to buy), exercise price, expiration date, Rule 10b5-1

4 terms

Stock Option (right to buy) financial

"security titled "Stock Option (right to buy)" was granted"

exercise price financial

"options have an exercise price of $8.08 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

expiration date financial

"options carry an expiration date of August 31, 2036"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

Rule 10b5-1 regulatory

"no Rule 10b5-1 trading plan is reported"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NTIC director Narayan Ramani report on this Form 4?

He reported a grant of stock options on September 1, 2026 to acquire 15,044 shares of Northern Technologies International Corp common stock at an exercise price of $8.08 per share, with no purchase price paid for the grant itself.

What are the key terms of Narayan Ramani’s NTIC stock option grant?

The grant covers 15,044 options with an exercise price of $8.08 per share. The options become exercisable on September 1, 2027 and have an expiration date of August 31, 2036.

How many NTIC shares and options does Narayan Ramani hold after this transaction?

Following the reported grant, Narayan Ramani holds 15,044 stock options and 106,763 shares of Northern Technologies International Corp common stock, all reported as held directly.

Was Narayan Ramani’s NTIC option grant made under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 trading plan is reported in connection with the transactions disclosed on this Form 4.

Does the Form 4 report any sales or purchases of NTIC common stock by Narayan Ramani?

No. It reports only a stock option grant for 15,044 underlying shares and a holding entry showing he directly owns 106,763 shares of common stock; there are no reported sales or open-market purchases.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 04:15 PM EDT Accepted by SEC EDGAR 09/03/2026 - 04:07 PM EDT Learn about SEC filing dates

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Narayan Ramani

(Last) (First) (Middle)

C/O NORTHERN TECHNOLOGIES INT'L CORP.

4201 WOODLAND ROAD, PO BOX 69

(Street)

CIRCLE PINES MINNESOTA 55014

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								106,763	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)	$8.08	09/01/2026		A		15,044		09/01/2027	08/31/2036	Common Stock	15,044	$0	15,044	D

Explanation of Responses:

	/s/ Matthew C. Wolsfeld-Attorney-in-fact	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)