Gregory A. Lang - 04 Nov 2022 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: 04 Nov 2022
Net transactions value: -$98,162
Form type: 4
Filing time: 07 Nov 2022, 10:43:19 UTC
Previous filing: 01 Nov 2022
Next filing: 14 Nov 2022
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	$404,250	+105,000	+1266%	$3.85	113,295	04 Nov 2022	Direct
transaction	NG	Common Shares	Tax liability	$404,232	-84,040	-74%	$4.81	29,255	04 Nov 2022	Direct	F1
transaction	NG	Common Shares	Sale	$98,179	-20,454	-70%	$4.80	8,801	04 Nov 2022	Direct	F2
transaction	NG	Common Shares	Other	$0	-506	-5.7%	$0.000000	8,295	04 Nov 2022	Direct	F3
transaction	NG	Common Shares	Other	$0	+506	+0.03%	$0.000000	1,559,278	04 Nov 2022	Family Survivors Trust	F3
holding	NG	Common Shares						445,000	04 Nov 2022	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	-105,000	-14%	$0.000000	628,180	04 Nov 2022	Common Shares	105,000	$3.85	Direct	F4

* 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 withheld in multiple transactions at prices ranging from $4.81 to $4.815, 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 withheld at each separate price within the ranges set forth in this footnote.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.795 to $4.81, 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	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.
F4	The options vested as follows: 1/3 on 12/1/2018; 1/3 on 12/1/2019; and 1/3 on 12/1/2020.