Kalidas V Madhavpeddi - 03 Nov 2021 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role: Director
Signature: /s/ Tricia Pannier as attorney-in-fact for Kalidas V. Madhavpeddi
Issuer symbol: NG
Transactions as of: 03 Nov 2021
Net transactions value: -$86.18
Form type: 4
Filing time: 04 Nov 2021, 12:40:34 UTC
Previous filing: 01 Sep 2021
Next filing: 10 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	$404,872	+88,400	+210%	$4.58	130,461	03 Nov 2021	Direct
transaction	NG	Common Shares	Tax liability	$404,876	-54,164	-42%	$7.48	76,297	03 Nov 2021	Direct
transaction	NG	Common Shares	Sale	$82.28	-11	-0.01%	$7.48	76,286	03 Nov 2021	Direct
transaction	NG	Common Shares	Other	$0	-34,225	-45%	$0.000000	42,061	03 Nov 2021	Direct
transaction	NG	Common Shares	Other	$0	+34,225		$0.000000	34,225	03 Nov 2021	Azteca Consulting LLC	F2
holding	NG	Common Shares						80,404	03 Nov 2021	Madhavpeddi Family 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	-88,400	-100%	$0.000000^*	0	03 Nov 2021	Common Shares	88,400	$4.58	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	Shares held in an account owned by Azteca Consulting LLC, of which the Reporting Person and his spouse are the members.