Gregory A. Lang - 22 Nov 2022 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
22 Nov 2022
Net transactions value
-$131,508
Form type
4
Filing time
23 Nov 2022, 12:05:11 UTC
Previous filing
22 Nov 2022
Next filing
28 Nov 2022
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 $288,750 +75,000 +904% $3.85 83,295 22 Nov 2022 Direct
transaction NG Common Shares Tax liability $288,753 -51,517 -62% $5.60 31,778 22 Nov 2022 Direct
transaction NG Common Shares Sale $131,505 -23,483 -74% $5.60 8,295 22 Nov 2022 Direct F1
holding NG Common Shares 1,560,032 22 Nov 2022 Family Survivors Trust
holding NG Common Shares 445,000 22 Nov 2022 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 -75,000 -25% $0.000000 228,180 22 Nov 2022 Common Shares 75,000 $3.85 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 at prices ranging from $5.595 to $5.605, 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.
F2 The options vested as follows: 1/3 on 12/1/2018; 1/3 on 12/1/2019; and 1/3 on 12/1/2020.