Gregory A. Lang - Jun 11, 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
Stock symbol
NG
Transactions as of
Jun 11, 2021
Transactions value $
-$930,077
Form type
4
Date filed
6/14/2021, 10:58 AM
Previous filing
Jun 2, 2021
Next filing
Jun 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $847K +185K +9778.01% $4.58 187K Jun 11, 2021 Direct
transaction NG Common Shares Tax liability -$847K -86.8K -46.45% $9.76 100K Jun 11, 2021 Direct
transaction NG Common Shares Sale -$930K -95.4K -95.32% $9.75 4.69K Jun 11, 2021 Direct F1
transaction NG Common Shares Other $0 -2.79K -59.62% $0.00 1.89K Jun 11, 2021 Direct F2
transaction NG Common Shares Other $0 +2.79K +0.14% $0.00 1.98M Jun 11, 2021 Family Trust F2

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 -185K -16.64% $0.00 927K Jun 11, 2021 Common Shares 185K $4.58 Direct F3
* 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 $9.72 and $9.775, 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 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.
F3 These options vested as follows: 1/3 on 12/1/2016; 1/3 on 12/1/2017; and 1/3 on 12/1/2018.