Form 4: Novagold Director Kalidas V. Madhavpeddi Reports Acquisition of Deferred Share Units

Director Kalidas V. Madhavpeddi reports the acquisition of 1,783 Deferred Share Units (DSUs) of Novagold Resources Inc.

Summary

• Kalidas V. Madhavpeddi, a director of Novagold Resources Inc., reported a transaction on March 1, 2025.
• The transaction involved the acquisition of 1,783 Deferred Share Units (DSUs) at a price of $0.00.
• Following the transaction, Mr. Madhavpeddi directly owns 59,297 common shares.
• Mr. Madhavpeddi also indirectly owns 80,404 common shares through the Madhavpeddi Family Trust and 55,152 common shares through Azteca Consulting LLC.
• The DSUs are the economic equivalent of one share of Novagold's common stock and will be settled upon termination of Mr. Madhavpeddi'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: 5

Explanation: The document is a standard regulatory filing regarding a director's compensation. It is neutral in sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of a key company director. It is standard practice for directors to receive share-based compensation.

Stakeholder Impact

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

Key Dates