Dorward-King Elaine J 4

What Happened

• Elaine Dorward-King, a director of NOVAGOLD RESOURCES INC (NG), received a grant of 1,302 Deferred Share Units (DSUs) on June 1, 2026. The reported acquisition price is $0.00, so there is no immediate cash outlay or proceeds reported.
• Transaction code: A (award/grant). This is a compensation grant to a director, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-01; 1,302 DSUs at $0.00 per unit (total reported $0).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote summary: The DSUs are economic equivalents of one common share each but underlying common shares are not issued now and the director has no voting or dispositive rights until termination of service. Grant expiration differs by residency: non‑U.S. participants’ grants expire Dec 31 of the year following termination; U.S. participants’ grants expire 90 days after termination.
• Filing timeliness: Report filed on 2026-06-01 with a Period of Report of 2026-06-01 (appears timely). Exhibit 24 (Power of Attorney) attached.

Context

• DSUs are a common form of deferred compensation for directors: they track the economic value of shares but do not create immediate dilution or transfer voting rights. They are not the same as an outright purchase that might signal a director increasing exposure to the stock.
• For retail investors, awards like this are routine compensation and should be interpreted differently from open‑market purchases (which can indicate a director putting personal capital at risk).