Form 4: Novagold Director Thomas Kaplan Acquires Deferred Share Units

Director Thomas Kaplan acquired 2,733.346 Deferred Share Units (DSUs) of Novagold Resources Inc. on June 1, 2024.

Summary

• On June 1, 2024, Thomas S. Kaplan, a director of Novagold Resources Inc., acquired 2,733.346 Deferred Share Units (DSUs).
• These DSUs are the economic equivalent of Novagold's common shares.
• The DSUs vested immediately upon issuance, but the underlying common shares will not be issued until Kaplan's termination of employment or services as a director.
• Kaplan will not have voting or dispositive rights with respect to the underlying common shares until termination.
• Following the transaction, Kaplan directly owns 102,235.934 common shares.
• The grants will expire no later than 90 days after the reporting person's termination date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with shareholders.

Future Outlook

The underlying common shares related to the Deferred Share Units will be issued to the reporting person upon termination of their employment or services as a director of the Issuer.

Industry Context

This filing reflects a standard practice of compensating board members with equity-based awards, aligning their interests with those of shareholders.

Stakeholder Impact

• The acquisition of DSUs by a director aligns their interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates