Sharon Dowdall - Apr 13, 2023 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Director
Signature
/s/ Tricia Pannier as attorney-in-fact for Sharon Dowdall
Stock symbol
NG
Transactions as of
Apr 13, 2023
Transactions value $
-$255,172
Form type
4
Date filed
4/14/2023, 11:57 AM
Previous filing
Mar 1, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $352K +96K +210.9% $3.67 142K Apr 13, 2023 Direct F1
transaction NG Common Shares Tax liability -$352K -56.2K -39.71% $6.27 85.3K Apr 13, 2023 Direct F2
transaction NG Common Shares Sale -$255K -39.8K -46.65% $6.41 45.5K Apr 13, 2023 Direct F3

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 -96K -100% $0.00* 0 Apr 13, 2023 Common Shares 96K $3.67 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price reported above was converted from the Canadian exercise price of C$4.90 using an exchange rate of CAD $1.3359=USD $1.00.
F2 The price above was converted from the Canadian price of C$8.37 to USD using an exchange rate of CAD $1.3359=USD $1.00.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from C$8.48 to C$8.60, 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. The weighted average price reported above was converted from the Canadian weighted average price of C$8.56 to USD using an exchange rate of CAD $1.3359=USD $1.00.
F4 These options were granted on 12/1/2018 and vested as follows: 1/3 on 12/1/2019; 1/3 on 12/1/2020; and 1/3 on 12/1/2021.