Kalidas V Madhavpeddi - 01 Dec 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: 01 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 01 Dec 2021, 17:11:57 UTC
Previous filing: 10 Nov 2021
Next filing: 13 Dec 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	Award	$0	+767	+1.8%	$0.000000	42,828	01 Dec 2021	Direct	F1
holding	NG	Common Shares						80,404	01 Dec 2021	Madhavpeddi Family Trust
holding	NG	Common Shares						34,225	01 Dec 2021	Azteca Consulting LLC	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)	Award	$0	+54,700		$0.000000	54,700	01 Dec 2021	Common Shares	54,700	$6.75	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of the Issuer's common stock. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of NOVAGOLD RESOURCES INC. The grants will expire no later than 90 days after the reporting person's termination date.
F2	Shares held in an account owned by Azteca Consulting LLC, of which the Reporting Person and his spouse are the members.
F3	These options vest as follows: 1/3 on 12/1/2022; 1/3 on 12/1/2023; and 1/3 on 12/1/2024.