NIOCORP DEVELOPMENTS LTD — Director's Dealing 2023

Nov 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NB)
CIK: 0001512228
Period of Report: 2023-11-15

Reporting Person: Shah Neal S. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-15	Common Shares	M	35000	$3.9344	Acquired	90000	Direct
2023-11-15	Common Shares	F	33690	$4.0874	Disposed	56310	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-15	Employee Stock Option (right to buy)	$3.9344	M	35000	Disposed	2023-11-15	Common Shares (35000)	Direct

Footnotes

F1: Option exercise price reflected was converted from Canadian exercise price of C$5.40 using an exchange rate of C$1.3725 = US$1.00 as reported by the Bank of Canada on November 14, 2023.

F2: Sale price of common shares withheld in satisfaction of option exercise price is based on the closing price of the common shares on the Toronto Stock Exchange on November 14, 2023 of C$5.61, which was converted using an exchange rate of C$1.3725 = US$1.00 as reported by the Bank of Canada on November 14, 2023.

F3: The option, representing a right to purchase a total of 35,000 Common Shares, became exercisable in installments as follows: 50% on May 15, 2019; 25% on November 15, 2019; and the remaining balance on May 15, 2020.