Erfan Ali 4

What Happened Erfan Ali, a director of NOVAGOLD RESOURCES INC (NG), received an award of 1,302 Deferred Share Units (DSUs) on 2026-06-01. The filing reports the grant at $0.00 per unit (transaction code A — award/grant); the reporting value is $0 because DSUs are not issued as common shares at grant and do not convey voting or dispositive rights while he remains a director.

Key Details

• Transaction date: 2026-06-01; transaction type: Grant/Award (code A).
• Units granted: 1,302 DSUs; reported price: $0.00; reported cash value at grant: $0.
• Shares owned after transaction: not reported in this filing.
• Footnote: DSUs are the economic equivalent of one share each; underlying common shares will not be issued and no voting/dispositive rights exist until termination of the director’s service. Grants to non‑U.S. participants expire Dec 31 of the year after termination; U.S. participants’ grants expire 90 days after termination.
• Filing includes Exhibit 24 (Power of Attorney).
• Timeliness: filing and transaction are dated the same day (no late-file indication).

Context DSUs are a form of deferred compensation commonly used for directors: they track the economic value of common shares but are settled later (often at end of service), so they do not represent current voting stock or an immediate cash transfer. Such grants are routine compensation and do not by themselves signal a buy or sell decision in the market.