Form 4: Director Kalidas Madhavpeddi Receives NOVAGOLD DSU Grant

Director Kalidas V. Madhavpeddi was granted 651 Deferred Share Units (DSUs) as part of his compensation for service at NOVAGOLD RESOURCES INC.

Summary

• Director Kalidas V. Madhavpeddi received a grant of 651 Deferred Share Units (DSUs) on June 1, 2026.
• Each DSU represents the economic equivalent of one common share of NOVAGOLD RESOURCES INC.
• The underlying shares are not issued until the termination of the director's service.
• The director holds a total of 63,282 common shares following this transaction.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding standard director compensation.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified; this is a standard equity compensation disclosure.

Risks

• None identified; this is a standard equity compensation disclosure.

Future Outlook

The DSUs will vest and be settled upon the termination of the director's service, with specific expiration timelines based on the director's status as a U.S. or non-U.S. participant.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard practice in the mining and exploration sector to ensure alignment with shareholder interests without immediate cash outflow.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) is a common governance practice among North American mining companies to defer compensation and maintain long-term director commitment.

Corporate Governance

Stakeholder Impact

• Minimal impact; reflects standard director compensation practices.

Next Steps

• The director will continue to hold the DSUs until the termination of his service with the company.

Key Dates

Keywords

NOVAGOLD, NG, Director Compensation, Deferred Share Units, Insider Transaction, SEC Form 4