ADAMEK PETER 4
4 · NOVAGOLD RESOURCES INC · Filed Apr 29, 2025
Insider Transaction Report
Form 4
ADAMEK PETER
Vice President & CFO
Transactions
- Award
Performance Share Units ("PSUs")
2025-04-29+114,900→ 114,900 totalExercise: $0.00→ Common Shares (114,900 underlying) - Award
Stock Option (right to buy)
2025-04-29+300,000→ 300,000 totalExercise: $4.35Exp: 2030-04-28→ Common Shares (300,000 underlying) - Award
Stock Option (right to buy)
2025-04-29+256,400→ 256,400 totalExercise: $4.35Exp: 2030-04-28→ Common Shares (256,400 underlying)
Footnotes (2)
- [F1]The options vest as follows: 1/3 on 4/29/2026; 1/3 on 4/29/2027; and 1/3 on 4/29/2028.
- [F2]Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is April 28, 2028. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.