ADAMEK PETER 4

4 · NOVAGOLD RESOURCES INC · Filed Feb 4, 2026

AI-generated summary of this filing

Updated Feb 4, 2026

NOVAGOLD (NG) VP/CFO Peter Adamek Receives Equity Awards

What Happened

Peter Adamek, Vice President & Chief Financial Officer of NOVAGOLD Resources Inc. (NG), received two equity awards on February 2, 2026: 124,100 derivative awards (reported at $0.00) and 59,000 Performance Share Units (PSUs) reported at $0.00. These were grants (code A on the Form 4), not open-market purchases or sales, so no cash changed hands at grant.

Key Details

Transaction date: 2026-02-02; filing date: 2026-02-04 (filed within the typical 2-business-day Form 4 window).
Awarded amounts: 124,100 derivative awards (footnote F1) and 59,000 PSUs (footnote F2). Reported acquisition price: $0.00 for both (typical for grants).
Vesting for the 124,100 award (F1): 1/3 vests on 02/02/2027, 1/3 on 02/02/2028, and 1/3 on 02/02/2029.
PSUs details (F2): subject to performance criteria set by the board; payout can convert to 0%–150% of the PSU grant amount depending on performance. Anticipated vest date: February 1, 2029. Payout of vested PSUs will be in common shares or cash (at issuer’s option) and paid net of applicable taxes. No voting or dispositive rights attach until performance criteria are met and shares (if any) are issued.
Shares owned after transaction: not specified in the provided filing excerpt.

Context

These are compensation awards, not purchases or sales; they reflect company compensation policy rather than immediate insider buying/selling. Options/derivative grants vest over time and PSUs are contingent on future performance, so they are not guaranteed share increases until vesting/performance tests are met.
No indication of a 10b5-1 plan, cashless exercise, or tax-withholding sale in the filing excerpt.

Form 4

Period: 2026-02-02

Vice President & CFO

Transactions

Award
Stock Option (right to buy)
[F1]
2026-02-02+124,100→ 124,100 total
Exercise: $8.73Exp: 2031-02-01→ Common Shares (124,100 underlying)
Award
Performance Share Units ("PSUs")
[F2]
2026-02-02+59,000→ 59,000 total
Exercise: $0.00→ Common Shares (59,000 underlying)

Footnotes (2)

[F1]The options vest as follows: 1/3 on 02/02/2027; 1/3 on 02/02/2028; and 1/3 on 02/02/2029.
[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 February 01, 2029. 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.

Signature

/s/ Peter Adamek|2026-02-04

1 file