Dorward-King Elaine J 4

What Happened

• Elaine Dorward-King, a director of Novagold Resources Inc. (NG), was granted a derivative award on 2026-02-02 that covers 36,600 shares. The Form 4 reports an acquisition price of $0.00 and a reported value of $0, indicating this is an option/award grant rather than a cash purchase.

Key Details

• Transaction date: 2026-02-02; filing date: 2026-02-04.
• Reported consideration: $0.00 for 36,600 derivative securities (total reported value $0).
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Footnote: The options vest in thirds — 1/3 on 02/02/2027, 1/3 on 02/02/2028, and 1/3 on 02/02/2029 (per filing).
• No indication in the provided data that the filing was late.

Context

• This was an option/award grant (derivative instrument), not an open-market purchase or sale. A $0 grant price is typical for option awards; the exercise price and other exercise terms are not shown here. Such grants are commonly part of director compensation and vest over time, so they do not reflect an immediate change in market exposure.