Gregory A. Lang - Nov 28, 2023 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
President and CEO, Director
Signature
/s/ Tricia Pannier as attorney-in-fact for Gregory A. Lang
Stock symbol
NG
Transactions as of
Nov 28, 2023
Transactions value $
-$416,202
Form type
4
Date filed
11/30/2023, 04:28 PM
Previous filing
Oct 3, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $987K +269K +2791.9% $3.67 279K Nov 28, 2023 Direct
transaction NG Common Shares Tax liability -$987K -246K -88.36% $4.01 32.4K Nov 28, 2023 Direct
transaction NG Common Shares Sale -$44.2K -10.9K -33.5% $4.07 21.6K Nov 28, 2023 Direct
transaction NG Common Shares Other $0 -11.9K -55.34% $0.00 9.64K Nov 28, 2023 Direct F1
transaction NG Common Shares Other $0 +11.9K +0.79% $0.00 1.53M Nov 28, 2023 Family Trust F1
transaction NG Common Shares Options Exercise $1.28M +350K +3632.59% $3.67 360K Nov 29, 2023 Direct
transaction NG Common Shares Tax liability -$1.28M -304K -84.44% $4.23 56K Nov 29, 2023 Direct
transaction NG Common Shares Sale -$195K -46.3K -82.79% $4.21 9.64K Nov 29, 2023 Direct F2
transaction NG Common Shares Options Exercise $1.28M +350K +3632.59% $3.67 360K Nov 30, 2023 Direct
transaction NG Common Shares Tax liability -$1.28M -307K -85.5% $4.18 52.2K Nov 30, 2023 Direct
transaction NG Common Shares Sale -$177K -42.5K -81.53% $4.16 9.64K Nov 30, 2023 Direct F3
holding NG Common Shares 445K Nov 28, 2023 Irrevocable Trust

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) Options Exercise $0 -269K -27.76% $0.00 700K Nov 28, 2023 Common Shares 269K $3.67 Direct F4
transaction NG Stock Option (right to buy) Options Exercise $0 -350K -50% $0.00 350K Nov 29, 2023 Common Shares 350K $3.67 Direct F4
transaction NG Stock Option (right to buy) Options Exercise $0 -350K -100% $0.00* 0 Nov 30, 2023 Common Shares 350K $3.67 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were transferred to a trust for the benefit of the reporting person's family. The reporting person is the trustee and sole primary beneficiary of the family trust.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.21 to $4.225, inclusive. The reporting person undertakes to provide to NOVAGOLD RESOURCES INC., any security holder of NOVAGOLD RESOURCES INC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.16 to $4.175, inclusive. The reporting person undertakes to provide to NOVAGOLD RESOURCES INC., any security holder of NOVAGOLD RESOURCES INC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
F4 The options were granted on 12/1/2018 and vested as follows: 1/3 on 12/1/2019; 1/3 on 12/1/2020; and 1/3 on 12/1/2021.