Kalidas V. Madhavpeddi - Dec 1, 2022 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Director
Signature
/s/ Tricia Pannier as attorney-in-fact for Kalidas V. Madhavpeddi
Stock symbol
NG
Transactions as of
Dec 1, 2022
Transactions value $
$0
Form type
4
Date filed
12/1/2022, 03:27 PM
Previous filing
Nov 9, 2022
Next filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Award $0 +950 +2.08% $0.00 46.6K Dec 1, 2022 Direct F1
holding NG Common Shares 80.4K Dec 1, 2022 Madhavpeddi Family Trust
holding NG Common Shares 55.2K Dec 1, 2022 Azteca Consulting LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NG Stock Option (Right to Buy) Award $0 +59.3K $0.00 59.3K Dec 1, 2022 Common Shares 59.3K $5.77 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of the Issuer's common stock. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of NOVAGOLD RESOURCES INC. The grants will expire no later than 90 days after the reporting person's termination date.
F2 These options vest as follows: 1/3 on 12/1/2023; 1/3 on 12/1/2024; and 1/3 on 12/1/2025.