Erfan Ali 4

What Happened

Erfan Ali, a director of NOVAGOLD Resources Inc. (NG), received a grant of 36,600 derivative securities (stock options) on 2026-02-02. The grant shows an acquisition price of $0.00 at issuance (no cash paid at grant). The award is a standard equity compensation grant rather than an open-market purchase or a sale.

Key Details

• Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (filed two days after the transaction).
• Instrument: 36,600 stock options (derivative) granted at $0.00 per share (no immediate cash value recorded at grant).
• Vesting (footnote F1): 1/3 vests on 02/02/2027; 1/3 on 02/02/2028; 1/3 on 02/02/2029.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: filed 2026-02-04 for a 2026-02-02 transaction (appears to meet the usual Form 4 two-business-day timing).
• Nature of transaction: award/grant of options (code A); not an exercise or sale.

Context

This is an equity compensation grant intended to align the director’s incentives with shareholder value over time. Because these are options with staged vesting, they do not represent an immediate purchase or sale of stock and no shares were issued or sold at the grant date. Future exercises or sales of these options, if any, will generate additional Form 4 filings that disclose proceeds or resulting share ownership.