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

Director Diane R. Garrett reports acquisition of 2,225 Deferred Share Units (DSUs) in Novagold Resources, equivalent to common stock, acquired on March 1, 2024.

Summary

• On March 1, 2024, Diane R. Garrett, a director of Novagold Resources Inc., acquired 2,225 Deferred Share Units (DSUs).
• These DSUs are the economic equivalent of Novagold's common stock.
• The DSUs were granted at a price of $0.00.
• Following the transaction, Garrett directly owns 28,595 common shares.
• 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.
• 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 positive. The acquisition of DSUs by a director is generally viewed as a positive sign, indicating confidence in the company's future.

Positives

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

Future Outlook

The DSUs will convert to common shares upon termination of the director's service, aligning the director's interests with long-term shareholder value.

Industry Context

Acquisition of stock or stock-based compensation by company directors is a common practice to align their interests with those of shareholders.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of shareholders, potentially leading to decisions that benefit shareholder value.

Key Dates