Gregory A. Lang - 08 Nov 2021 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
Issuer symbol
NG
Transactions as of
08 Nov 2021
Transactions value $
-$473,673
Form type
4
Filing time
10 Nov 2021, 10:45:13 UTC
Previous filing
04 Nov 2021
Next filing
15 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $344K +75K +1360.91% $4.58 80.5K 08 Nov 2021 Direct
transaction NG Common Shares Tax liability -$344K -44.2K -54.84% $7.78 36.4K 08 Nov 2021 Direct
transaction NG Common Shares Sale -$239K -30.8K -84.84% $7.75 5.51K 08 Nov 2021 Direct F1
transaction NG Common Shares Options Exercise $344K +75K +1360.91% $4.58 80.5K 09 Nov 2021 Direct
transaction NG Common Shares Tax liability -$343K -43.9K -54.49% $7.83 36.6K 09 Nov 2021 Direct F3
transaction NG Common Shares Sale -$235K -30K -81.98% $7.81 6.6K 09 Nov 2021 Direct F4
transaction NG Common Shares Other $0 -1.09K -16.54% $0.00 5.51K 09 Nov 2021 Direct F5
transaction NG Common Shares Other $0 +1.09K +0.06% $0.00 1.98M 09 Nov 2021 Family Trust F5

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 -75K -10.18% $0.00 662K 08 Nov 2021 Common Shares 75K $4.58 Direct F2
transaction NG Stock Option (Right to Buy) Options Exercise $0 -75K -11.33% $0.00 587K 09 Nov 2021 Common Shares 75K $4.58 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $7.75 to $7.765, 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 footnote.
F2 These options were granted on December 1, 2016 and vested as follows: 1/3 on 12/1/2016; 1/3 on 12/1/2017; and 1/3 on 12/1/2018.
F3 The price reported in Column 4 above is a weighted average price. These shares were withheld in multiple transactions at prices ranging from $7.83 to $7.835, 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 withheld at each separate price within the ranges set forth in this footnote.
F4 The price reported in Column 4 above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.80 to $7.83, 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 footnote.
F5 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.