Electrum Strategic Resources L.P. - 09 May 2025 Form 4 Insider Report for NOVAGOLD RESOURCES INC (NG)

Reporting relationship: 10%+ Owner
Issuer ticker: NG
Reported as of: 09 May 2025
Net transaction value: +$50,000,002
SEC form: 4
Accepted by SEC: 09 May 2025, 16:49:46 UTC
Prior SEC filing: 23 Apr 2025
Source filing: View source filing
Reporting owner signature: ELECTRUM STRATEGIC RESOURCES L.P., By: /s/ Michael H. Williams, Managing Director of Electrum Strategic Management LLC, its General Partner

Key filing fact

Electrum Strategic Resources L.P. filed Form 4 for NOVAGOLD RESOURCES INC (NG) on 09 May 2025.

Key facts

This page summarizes Electrum Strategic Resources L.P.'s Form 4 filing for NOVAGOLD RESOURCES INC (NG).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 09 May 2025, 16:49.

Change

Previous filing in this sequence was filed on 23 Apr 2025.
Current net transaction value: +$50,000,002.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (7)

CIK 0001454795 Primary reporting owner

Electrum Strategic Resources L.P.

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: ELECTRUM STRATEGIC RESOURCES L.P., By: /s/ Michael H. Williams, Managing Director of Electrum Strategic Management LLC, its General Partner
Signature date: 09 May 2025

CIK 0001565641

Electrum Group LLC

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: THE ELECTRUM GROUP LLC, By: /s/ Michael H. Williams, Senior Managing Director
Signature date: 09 May 2025

CIK 0001564994

ELECTRUM GLOBAL HOLDINGS L.P.

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: ELECTRUM GLOBAL HOLDINGS L.P., By: /s/ Andrew M. Shapiro, Director of TEG Global GP Ltd., its General Partner
Signature date: 09 May 2025

CIK 0001565709

TEG Global GP Ltd.

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: TEG GLOBAL GP LTD., By: /s/ Andrew M. Shapiro, Director
Signature date: 09 May 2025

CIK 0001565706

Leopard Holdings LLC

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: LEOPARD HOLDINGS LLC, By: /s/ Andrew M. Shapiro, President
Signature date: 09 May 2025

CIK 0001565707

GRAT Holdings LLC

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: GRAT HOLDINGS LLC, By: /s/ Thomas S. Kaplan, Co-Chief Executive Officer
Signature date: 09 May 2025

CIK 0001124803

KAPLAN THOMAS SCOTT

Relationship: Director, 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: /s/ Thomas Scott Kaplan
Signature date: 09 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NG transaction

Common Shares

Purchase

Transaction value: $50,000,002
Shares: +13,333,334
Change %: +17%
Price: $3.75
Shares after: 92,902,813
Date: 09 May 2025
Ownership: Direct
Footnotes: F1, F2

NG holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,286,977
Date: 09 May 2025
Ownership: Direct
Footnotes: F2, F3

NG holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 11,710
Date: 09 May 2025
Ownership: Direct
Footnotes: F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents Common Shares of the Issuer owned directly by Electrum Strategic Resources L.P. ("Electrum Strategic"). Electrum Global Holdings LP. ("Global Holdings") is the owner of all of the limited partnership interests of Electrum Strategic. TEG Global GP Ltd. ("Global GP") is the sole general partner of, and The Electrum Group LLC ("TEG Services") is the investment adviser to, Global Holdings. TEG Services possesses voting and investment discretion with respect to assets of Global Holdings. Leopard Holdings LLC ("Leopard") controls Global Holdings through Global GP, and GRAT Holdings LLC is the owner and managing member of Leopard. GRAT Holdings LLC is owned by trusts for the benefit of the family of Thomas Scott Kaplan.

Footnote F2

For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these 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 these securities for purposes of Section 16 or for any other purpose.

Footnote F3

Represents Common Shares of the Issuer owned directly by GRAT Holdings LLC. GRAT Holdings LLC is owned by trusts for the benefit of the family of Thomas Scott Kaplan.

Footnote F4

Represents Common Shares of the Issuer owned directly by Thomas Scott Kaplan.