Thomas S. Kaplan - Dec 1, 2021 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role
Director
Signature
/s/ Thomas S. Kaplan
Stock symbol
NG
Transactions as of
Dec 1, 2021
Transactions value $
$0
Form type
4
Date filed
12/3/2021, 07:59 AM
Previous filing
Nov 23, 2021
Next filing
Mar 1, 2022

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 Deferred Share Unit Award $0 +1.53K +2% $0.00 78.4K Dec 1, 2021 Common Shares 1.53K Direct F1
transaction NG Stock Option (right to buy) Award $0 +54.7K $0.00 54.7K Dec 1, 2021 Common Shares 54.7K $6.75 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Deferred Share Unit ("DSU") is the economic equivalent of one of the Issuer's common shares. The DSUs vested immediately upon issuance; however, the underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the reporting person's termination date.
F2 The options vest as follows: 1/3 on Dec. 1, 2022, 1/3 on Dec. 1, 2023, 1/3 on Dec. 1, 2024.