Kalidas V. Madhavpeddi - Nov 30, 2023 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Director
Signature
/s/ Tricia Pannier as attorney-in-fact for Kalidas V. Madhavpeddi
Stock symbol
NG
Transactions as of
Nov 30, 2023
Transactions value $
-$45,650
Form type
4
Date filed
11/30/2023, 04:29 PM
Previous filing
Sep 1, 2023
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Options Exercise $335K +91.3K +183.06% $3.67 141K Nov 30, 2023 Direct
transaction NG Common Shares Tax liability -$335K -80.4K -56.92% $4.17 60.8K Nov 30, 2023 Direct
transaction NG Common Shares Sale -$45.6K -10.9K -18% $4.17 49.9K Nov 30, 2023 Direct F1
holding NG Common Shares 55.2K Nov 30, 2023 Azteca Consulting LLC F2
holding NG Common Shares 80.4K Nov 30, 2023 Madhavpeddi Family 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 -91.3K -100% $0.00* 0 Nov 30, 2023 Common Shares 91.3K $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 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.16 to $4.175, 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.
F2 Shares held in an account owned by Azteca Consulting LLC, of which the Reporting Person and his spouse are the members.
F3 These options were granted on December 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.