Form 4: NOVAGOLD Director Dawn Patricia Whittaker Reports Acquisition of 2,733 Common Shares

Director Dawn Patricia Whittaker reports acquiring 2,733 common shares of NOVAGOLD RESOURCES INC through a grant of Deferred Share Units (DSUs).

Summary

• On June 1, 2024, Dawn Patricia Whittaker, a director of NOVAGOLD RESOURCES INC, acquired 2,733 common shares.
• The acquisition was through a grant of Deferred Share Units (DSUs) at a price of $0.00.
• Following the transaction, Whittaker directly owns 7,686 common shares.
• The DSUs are the economic equivalent of one share of NOVAGOLD's common stock.
• 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. It's a routine disclosure of share acquisition by a director, which is neither particularly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Risks

• The value of the DSUs is tied to the price of NOVAGOLD's common stock, which is subject to market fluctuations and other risks.

Future Outlook

The underlying common shares will not be issued to the reporting person, 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.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the ownership of company stock by its directors.

Comparison to Industry Standards

• Director share ownership is a common practice in publicly listed companies like NOVAGOLD.
• Similar companies such as Barrick Gold and Newmont Corporation also have directors who own shares in the company.
• The level of ownership and the use of DSUs are comparable to industry standards for executive compensation and alignment of interests.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.

Key Dates