Richard Alan Williams - 24 Jan 2024 Form 3 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Vice President and COO
Signature
/s/ Tricia Pannier as attorney-in-fact for Richard Alan Williams
Issuer symbol
NG
Transactions as of
24 Jan 2024
Net transactions value
$0
Form type
3
Filing time
31 Jan 2024, 11:34:39 UTC
Next filing
01 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NG Common Shares 401,188 24 Jan 2024 Direct

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
holding NG Stock Option (right to buy) 24 Jan 2024 Common Shares 120,000 $6.96 Direct F1
holding NG Stock Option (right to buy) 24 Jan 2024 Common Shares 87,700 $9.96 Direct F2
holding NG Stock Option (right to buy) 24 Jan 2024 Common Shares 132,100 $6.75 Direct F3
holding NG Stock Option (right to buy) 24 Jan 2024 Common Shares 142,700 $5.77 Direct F4
holding NG Stock Option (right to buy) 24 Jan 2024 Common Shares 248,700 $4.20 Direct F5
holding NG Performance Share Units ("PSUs") 24 Jan 2024 Common Shares 49,100 $0.000000 Direct F6
holding NG Performance Share Units ("PSUs") 24 Jan 2024 Common Shares 60,300 $0.000000 Direct F7
holding NG Performance Share Units ("PSUs") 24 Jan 2024 Common Shares 31,000 $0.000000 Direct F8
holding NG Performance Share Units ("PSUs") 24 Jan 2024 Common Shares 107,800 $0.000000 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest as follows: 1/3 on 12/1/2020; 1/3 on 12/1/2021; and 1/3 on 12/1/2022.
F2 The options vest as follows: 1/3 on 12/1/2021; 1/3 on 12/1/2022; and 1/3 on 12/1/2023.
F3 The options vest as follows: 1/3 on 12/1/2022; 1/3 on 12/1/2023; and 1/3 on 12/1/2024.
F4 The options vest as follows: 1/3 on 12/1/2023; 1/3 on 12/1/2024; and 1/3 on 12/1/2024.
F5 The options vest as follows: 1/3 on 12/1/2024; 1/3 on 12/1/2025; and 1/3 on 12/1/2026.
F6 Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2024. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
F7 Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2025. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
F8 Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to vesting criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof at 100% of the PSU grant amount if the vesting criteria is met. The anticipated vesting date is June 30, 2024. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the vesting criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
F9 Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2026. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.