Sharon Dowdall - Oct 5, 2021 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Director
Signature
/s/ Tricia Pannier as attorney-in-fact for Sharon Dowdall
Stock symbol
NG
Transactions as of
Oct 5, 2021
Transactions value $
-$187,311
Form type
4
Date filed
10/6/2021, 12:37 PM
Previous filing
Sep 1, 2021
Next filing
Dec 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $398K +81.2K +210.99% $4.90 120K Oct 5, 2021 Direct F1
transaction NG Common Shares Tax liability -$398K -55.1K -46.08% $7.21 64.5K Oct 5, 2021 Direct F2
transaction NG Common Shares Sale -$188K -26.1K -40.37% $7.20 38.5K Oct 5, 2021 Direct F3

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 -81.2K -100% $0.00* 0 Oct 5, 2021 Common Shares 81.2K $4.90 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported above was converted from the Canadian exercise price of C$6.16 to USD using an exchange rate of CAD$1.2575=USD$1.00.
F2 The price reported in Column 4 was converted from the Canadian price of C$9.07 using an exchange rate of CAD$1.2575=USD$1.00.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from C$9.04 to C$9.1013, 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. The weighted average sales price reported above was converted from the Canadian weighted average sales price of C$9.06 using an exchange rate of CAD$1.2575=USD$1.00.
F4 These options vested as follows: 1/3 on 12/1/2016; 1/3 on 12/1/2017; and 1/3 on 12/1/2018.