Lang Gregory A. 4

What Happened
Gregory A. Lang, President & CEO and a director of Novagold Resources Inc. (NG), was granted awards on Feb 2, 2026 totaling 590,200 derivative shares: 400,000 option-type awards and 190,200 Performance Share Units (PSUs). Both awards are reported as acquisitions at $0.00 (award/derivative), i.e., not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (timely filing).
• Awards: 400,000 (derivative options) @ $0.00; 190,200 PSUs @ $0.00 — total 590,200 awarded.
• Vesting/conditions:
  • Options (400,000): vest 1/3 on 02/02/2027, 1/3 on 02/02/2028, and 1/3 on 02/02/2029 (Footnote F1).
  • PSUs (190,200): performance-based, may convert to 0–150% of grant depending on results; anticipated vesting Feb 1, 2029; no voting/dispositive rights until performance criteria met and shares issued (Footnote F2).
• Shares owned after transaction: not disclosed in the provided filing excerpts.
• Transaction code: A = award/grant (derivative). Not an immediate sale or cash exercise.

Context
These are compensation awards (time- and performance-based) rather than open-market purchases or sales. Options will vest over multi-year service dates; PSUs depend on future performance and may pay out in shares or cash between 0% and 150% of the grant. Such grants are routine for senior executives and represent potential future equity, not immediate changes in marketable holdings.