Form 4: Novagold Director Elaine J. Dorward-King Acquires Deferred Share Units

Director Elaine J. Dorward-King acquired 3,566 Deferred Share Units (DSUs) of Novagold Resources Inc. on March 1, 2025.

Summary

• On March 1, 2025, Elaine J. Dorward-King, a director of Novagold Resources Inc., acquired 3,566 Deferred Share Units (DSUs).
• The DSUs were granted at a price of $0.00.
• Following the transaction, Dorward-King's beneficial ownership of common shares is 27,583.
• Each DSU is equivalent to one share of Novagold's common stock, but the underlying shares will not be issued, and the reporting person will not have any voting or dispositive rights, 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: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

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

Future Outlook

The reporting person's rights to the underlying common shares are contingent upon the termination of their employment or services as a director.

Industry Context

This is a standard Form 4 filing, reflecting changes in beneficial ownership by a company insider. It is a routine part of corporate governance and transparency.

Stakeholder Impact

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

Key Dates