Whittaker Dawn Patricia 4

What Happened Dawn Patricia Whittaker, a director of NOVAGOLD Resources Inc. (NG), received a grant of 38,200 derivative awards (options) on February 2, 2026. The grant was reported as acquired at $0.00 (standard for an option grant). The exercise price is C$11.87 per option (reported converted to USD using CAD$1.356 = US$1.00, roughly US$8.75 per option). This is an award/compensation grant, not a purchase or sale of already outstanding shares.

Key Details

• Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (appears timely).
• Reported acquisition price: $0.00 (grant of derivative awards).
• Exercise price: C$11.87 per option (≈ US$8.75 using the disclosed exchange rate).
• Vesting: 1/3 on 02/02/2027; 1/3 on 02/02/2028; 1/3 on 02/02/2029 (footnote F2).
• Footnote F1 clarifies the exercise-price conversion from CAD to USD (CAD$1.356 = US$1.00).
• Shares/options owned after the transaction: not specified in the provided filing.

Context This filing documents a standard director option award — the options vest over three years and would require payment of the exercise price to convert into common shares when exercised. There was no immediate sale or cashless exercise reported. Awards to directors are common as compensation and do not by themselves indicate a purchase-driven bullish signal; they do, however, create potential future dilution if exercised.