Form 4: Novagold Director C. Kevin McArthur Reports Acquisition of Deferred Share Units

Director C. Kevin McArthur reports the acquisition of 1,256 Deferred Share Units (DSUs) of Novagold Resources Inc.

Summary

• On September 1, 2024, C. Kevin McArthur, a director of Novagold Resources Inc., acquired 1,256 Deferred Share Units (DSUs).
• These DSUs are the economic equivalent of common shares of Novagold.
• McArthur now beneficially owns 11,630 common shares following the reported transaction.
• The DSUs will be settled in common shares upon termination of McArthur's service as a director.
• 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: Neutral sentiment as it reflects a standard transaction related to director compensation.

Positives

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

Future Outlook

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.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director could be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates