Diane R. Garrett - 03 May 2023 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Director
Signature
Tricia Pannier as attorney-in-fact for Diane R. Garrett
Issuer symbol
NG
Transactions as of
03 May 2023
Net transactions value
-$83,425
Form type
4
Filing time
04 May 2023, 14:45:37 UTC
Previous filing
03 May 2023
Next filing
01 Jun 2023
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 $475,000 +100,000 +439% $4.75 122,757 03 May 2023 Direct
transaction NG Common Shares Tax liability $475,004 -85,050 -69% $5.58 37,707 03 May 2023 Direct
transaction NG Common Shares Sale $83,421 -14,950 -40% $5.58 22,757 03 May 2023 Direct F1

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 -100,000 -100% $0.000000* 0 03 May 2023 Common Shares 100,000 $4.75 Direct F2
* 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 sold in multiple transactions ranging from $5.57 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 footnote.
F2 These options were granted on 5/7/2018 and vested as follows: 1/3 on 5/7/2019; 1/3 on 5/7/2020; and 1/3 on 5/7/2021.