NOVAGOLD (NG) Director Kyle Hume Receives 1,302 DSU Award

What Happened

• Kyle Hume, a director of NOVAGOLD RESOURCES INC (NG), received a grant of 1,302 Deferred Share Units (DSUs) on 2026-06-01. The Form 4 reports an acquisition price of $0. These DSUs are the economic equivalent of one share each but are not issued as common shares and provide no voting or dispositive rights until Hume’s service as a director ends.

Key Details

• Transaction type/date: Award (Grant of DSUs) on 2026-06-01.
• Price reported: $0.00 per unit (Form 4 shows acquisition at $0).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — DSUs equal one common share economically; underlying shares not issued and no voting/dispositive rights until termination. Expiration: non‑U.S. participants’ grants expire Dec 31 the year after termination; U.S. participants’ grants expire 90 days after termination.
• Filing: Form filed 2026-06-01 (same day as the reported grant). Remark includes Exhibit 24 — Power of Attorney.

Context

• DSU grants are a form of deferred compensation for directors; they do not represent an immediate market purchase or sale and therefore are less direct as a signal of near‑term trading intent. The economic value of the award equals the number of DSUs times NOVAGOLD’s share price at grant, but the Form 4 lists the acquisition price as $0 and does not state a dollar value.