Gregory A. Lang - 28 Nov 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
Issuer symbol
NG
Transactions as of
28 Nov 2023
Transactions value $
-$416,202
Form type
4
Filing time
30 Nov 2023, 16:28:03 UTC
Previous filing
03 Oct 2023
Next filing
04 Dec 2023
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 $987K +269K +2791.9% $3.67 279K 28 Nov 2023 Direct
transaction NG Common Shares Tax liability -$987K -246K -88.36% $4.01 32.4K 28 Nov 2023 Direct
transaction NG Common Shares Sale -$44.2K -10.9K -33.5% $4.07 21.6K 28 Nov 2023 Direct
transaction NG Common Shares Other $0 -11.9K -55.34% $0.00 9.64K 28 Nov 2023 Direct F1
transaction NG Common Shares Other $0 +11.9K +0.79% $0.00 1.53M 28 Nov 2023 Family Trust F1
transaction NG Common Shares Options Exercise $1.28M +350K +3632.59% $3.67 360K 29 Nov 2023 Direct
transaction NG Common Shares Tax liability -$1.28M -304K -84.44% $4.23 56K 29 Nov 2023 Direct
transaction NG Common Shares Sale -$195K -46.3K -82.79% $4.21 9.64K 29 Nov 2023 Direct F2
transaction NG Common Shares Options Exercise $1.28M +350K +3632.59% $3.67 360K 30 Nov 2023 Direct
transaction NG Common Shares Tax liability -$1.28M -307K -85.5% $4.18 52.2K 30 Nov 2023 Direct
transaction NG Common Shares Sale -$177K -42.5K -81.53% $4.16 9.64K 30 Nov 2023 Direct F3
holding NG Common Shares 445K 28 Nov 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 28 Nov 2023 Common Shares 269K $3.67 Direct F4
transaction NG Stock Option (right to buy) Options Exercise $0 -350K -50% $0.00 350K 29 Nov 2023 Common Shares 350K $3.67 Direct F4
transaction NG Stock Option (right to buy) Options Exercise $0 -350K -100% $0.00* 0 30 Nov 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.