Form 4: Diane R. Garrett Reports Acquisition of Novagold Resources Deferred Share Units

Director Diane R. Garrett acquired 1,367 Deferred Share Units (DSUs) of Novagold Resources, equivalent to common shares, on June 1, 2024.

Summary

• On June 1, 2024, Diane R. Garrett, a director of Novagold Resources Inc., acquired 1,367 Deferred Share Units (DSUs).
• These DSUs are the economic equivalent of Novagold Resources Inc. common stock.
• The DSUs were granted at a price of $0.00.
• Following the transaction, Garrett beneficially owns 29,962 common shares.
• The underlying common shares will not be issued, 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 NOVAGOLD RESOURCES INC.
• Grants to non-U.S. Eligible Participants will expire on December 31 of the year following the reporting person's termination date; grants to U.S. Eligible Participants will expire 90 days following the reporting person's termination date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future.

Future Outlook

The reporting person's rights to the underlying common shares are contingent upon continued service as a director.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates