David A. Ottewell - Dec 6, 2022 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Vice President & CFO
Signature
/s/ Tricia Pannier as attorney-in-fact for David A. Ottewell
Stock symbol
NG
Transactions as of
Dec 6, 2022
Transactions value $
-$344,076
Form type
4
Date filed
12/7/2022, 11:33 AM
Previous filing
Dec 1, 2022
Next filing
Dec 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $551K +150K +19% $3.67 940K Dec 6, 2022 Direct
transaction NG Common Shares Tax liability -$551K -92.4K -9.84% $5.96 847K Dec 6, 2022 Direct F1
transaction NG Common Shares Sale -$344K -57.6K -6.8% $5.97 790K Dec 6, 2022 Direct 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 Common Shares Options Exercise $0 -150K -44.83% $0.00 185K Dec 6, 2022 Common Shares 150K $3.67 Direct F3
* 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 above is a weighted average price. These shares were withheld in multiple transactions at prices ranging from $5.925 to $5.99, 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 above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.94 to $5.985, 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.
F3 The options were granted on 12/1/2018 and vest as follows: 1/3 on 12/1/2019; 1/3 on 12/1/2020; 1/3 on 12/1/2021.