GRAT Holdings LLC - Jun 30, 2023 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Role: Possible member of 10% group
Signature: /s/ Thomas S. Kaplan, Co-Chief Executive Officer of GRAT Holdings LLC
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

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NG	Common Shares	Other	$1.12M	+287K	+5.74%	$3.89	5.29M	Jun 30, 2023	Direct	F1, 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	For purposes of Section 16 of the Securities Exchange Act of 1934, GRAT disclaims beneficial ownership of any such securities, except to the extent of its 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.

Content

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.

For purposes of Section 16 of the Securities Exchange Act of 1934, GRAT disclaims beneficial ownership of any such securities, except to the extent of its 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.