Form 4: Novagold Resources Director Thomas Kaplan Acquires Deferred Share Units

Director Thomas Kaplan acquired 3,565.805 Deferred Share Units (DSUs) of Novagold Resources Inc. on March 1, 2025, which are the economic equivalent of common shares.

Summary

• On March 1, 2025, Thomas Scott Kaplan, a director of Novagold Resources Inc., acquired 3,565.805 Deferred Share Units (DSUs).
• Each DSU is equivalent to one common share of Novagold Resources Inc.
• The DSUs vested immediately upon issuance, but the underlying common shares will not be issued until Kaplan's termination of service as a director.
• Kaplan will not have voting or dispositive rights over the underlying common shares until termination.
• The grants will expire no later than 90 days after Kaplan's termination date.
• Following the transaction, Kaplan directly owns 111,296.748 common shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The underlying common shares related to the Deferred Share Units will be issued to the reporting person no later than 90 days after the reporting person's termination date.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates