MADHAVPEDDI KALIDAS V 4

What Happened
Madhavpeddi Kalidas V, a director of NOVAGOLD RESOURCES INC (NG), received an award of 36,600 derivative securities (reported as a grant) on 2026-02-02. The filing reports an acquisition price of $0.00 for the derivative award, which the filing identifies as options. This is a grant (compensation), not an open-market purchase or sale, so it does not represent an immediate cash investment or divestiture by the director.

Key Details

• Transaction date: 2026-02-02 (Form 4 filed 2026-02-04).
• Transaction type/code: A — Award/Grant of derivative securities (options).
• Amount: 36,600 derivative shares/options; reported price $0.00.
• 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 the summary excerpt.
• Timeliness: Filing was submitted on 2026-02-04 for a 2026-02-02 grant (appears timely under Form 4 rules).

Context
This is a typical director compensation award (stock options) that vests over three years; such grants are common and are intended to align management/directors with shareholder interests but are not the same signal as an outright purchase. Options must vest and generally be exercised before they convert to common shares, so they do not represent immediately tradable shares. For retail investors, note that awards are informative about compensation but do not necessarily indicate the insider’s short-term trading view.