Neal S. Shah Niocorp Developments LTD (NIOBF) insider trading activity

Neal S. Shah is Chief Financial Officer of NIOCORP DEVELOPMENTS LTD. Currently has a direct ownership of 75,032 shares of NIOBF, which is worth approximately $0. The most recent transaction as insider was on Dec 15, 2025, when has been sold 9,361 shares (Common Shares) at a price of $3.54 per share, resulting in proceeds of $33,137. This information was disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC).

Shares Held (Direct Ownership) 75K

14.26% 3M change

14.26% 12M change

Total Value Held $0

Neal S. Shah Transaction History

Date	Transaction	Value	Shares Traded	Shares Held
Dec 15 2025	BUY Exercise of in-the-money or at-the-money derivatives securities	$33,137 $3.54 p/Share	9,361 Added 11.09%	75,032 Common Shares
Dec 22 2023	BUY Open market or private purchase	-	9,360 Added 12.48%	65,670 Common Shares
Nov 15 2023	SELL Payment of exercise price or tax liability	$137,792 $4.09 p/Share	33,690 Reduced 37.43%	56,310 Common Shares
Nov 15 2023	BUY Exercise of conversion of derivative security	$137,550 $3.93 p/Share	35,000 Added 28.0%	90,000 Common Shares
Nov 28 2022	SELL Payment of exercise price or tax liability	$69,600 $0.87 p/Share	80,000 Reduced 12.7%	550,000 Common Shares
Nov 28 2022	BUY Exercise of conversion of derivative security	$80,150 $0.35 p/Share	229,000 Added 26.66%	630,000 Common Shares
Mar 25 2022	BUY Exercise of conversion of derivative security	$9,620 $0.37 p/Share	26,000 Added 6.09%	401,000 Common Shares

Mar 07 2022	SELL Payment of exercise price or tax liability	$116,341 $0.83 p/Share	140,170 Reduced 27.21%	375,000 Common Shares
Mar 07 2022	BUY Exercise of conversion of derivative security	$117,300 $0.6 p/Share	195,500 Added 27.51%	515,170 Common Shares
Mar 10 2021	SELL Payment of exercise price or tax liability	$120,798 $0.93 p/Share	129,890 Reduced 28.9%	319,610 Common Shares
Mar 10 2021	BUY Exercise of conversion of derivative security	$129,850 $0.53 p/Share	245,000 Added 35.28%	449,500 Common Shares
Dec 04 2020	BUY Exercise of conversion of derivative security	$14,160 $0.48 p/Share	29,500 Added 12.61%	204,500 Common Shares

NSS

Neal S. Shah

Chief Financial Officer

Centennial, CO

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