Schutt Ethan 4

What Happened
Ethan Schutt, a director of NOVAGOLD RESOURCES INC (NG), was granted a derivative award of 36,600 shares (reported as options) on February 2, 2026. The Form 4 shows an acquisition price of $0.00 and a reported value of $0 for the grant. This was an award/grant (not a market purchase or sale).

Key Details

• Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-04).
• Transaction type/code: A — Grant/award (derivative).
• Amount: 36,600 shares (derivative/options). Price shown: $0.00; reported value: $0.
• Vesting: 1/3 vests on 02/02/2027, 1/3 on 02/02/2028, and 1/3 on 02/02/2029 (per footnote).
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Filed 2026-02-04 for the 2026-02-02 grant — appears timely (within the typical 2-business-day Form 4 window).

Context
This is a director compensation grant (options) with multi-year vesting; the award does not represent an immediate purchase or sale. Derivative awards only convert to owned shares if/when they vest and are exercised, so future value depends on vesting, any exercise price and the company’s stock price at that time. The filing provides the vesting schedule but does not disclose exercise terms or total post-transaction holdings.