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

Director Diane R. Garrett reports the acquisition of 1,783 Deferred Share Units (DSUs) of Novagold Resources Inc.

Summary

• On March 1, 2025, Diane R. Garrett, a director of Novagold Resources Inc., acquired 1,783 Deferred Share Units (DSUs).
• The DSUs were granted at a price of $0.00.
• Following the transaction, Garrett directly owns 34,492 common shares of Novagold Resources Inc.
• Each DSU is equivalent to one share of Novagold's common stock, but the underlying shares will not be issued until termination of Garrett'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: The sentiment is neutral. It's a standard regulatory filing indicating an insider transaction, which doesn't inherently suggest positive or negative implications for the company's performance.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements regarding the company's financial performance or future prospects, but the DSU grant suggests a long-term alignment of interests between the director and the company's shareholders.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency regarding the holdings of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates