Thomas S. Kaplan - Jun 30, 2023 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Signature
/s/ Thomas S. Kaplan
Stock symbol
NG
Transactions as of
Jun 30, 2023
Transactions value $
-$1,116,341
Form type
4
Date filed
7/3/2023, 05:00 PM
Previous filing
Jun 2, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NG Common Shares Other -$1.12M -287K -100% $3.89 0 Jun 30, 2023 Direct F1
holding NG Common Shares 84.9M Jun 30, 2023 By Electrum Strategic Resources L.P. & GRAT Holdings LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The purpose of this Form 4 is to report (i) the transfer of 286,977 Common Shares (the "Shares") of the Issuer from Thomas S. Kaplan to GRAT Holdings LLC ("GRAT") (which is owned by trusts for the benefit of the Kaplan family) on June 30, 2023, for US $3.89 per Share, the closing price of the Shares on June 29, 2023. Thus, Mr. Kaplan's aggregate beneficial ownership of the Shares is unchanged as a result of this transaction.
F2 The securities disclosed herein are held by GRAT and Electrum Strategic Resources L.P. and are subject to voting control and investment discretion in part by Mr. Kaplan. For purposes of Section 16 of the Securities Exchange Act of 1934, Mr. Kaplan disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.