Gregory A. Lang - Nov 29, 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
Stock symbol
NG
Transactions as of
Nov 29, 2022
Transactions value $
-$127,645
Form type
4
Date filed
11/30/2022, 12:57 PM
Previous filing
Nov 29, 2022
Next filing
Dec 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $301K +78.2K +942.5% $3.85 86.5K Nov 29, 2022 Direct
transaction NG Common Shares Tax liability -$301K -53.9K -62.37% $5.58 32.5K Nov 29, 2022 Direct F1
transaction NG Common Shares Sale -$128K -22.9K -70.45% $5.57 9.62K Nov 29, 2022 Direct F2
transaction NG Common Shares Other $0 -1.32K -13.75% $0.00 8.3K Nov 29, 2022 Direct F3
transaction NG Common Shares Other $0 +1.32K +0.08% $0.00 1.56M Nov 29, 2022 Family Trust F3
holding NG Common Shares 445K Nov 29, 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 -78.2K -100% $0.00* 0 Nov 29, 2022 Common Shares 78.2K $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 $5.58 to $5.5889, 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 $5.56 to $5.585, 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.