NOVAGOLD Director Daniel Muniz Quintanilla Receives DSU Award

What Happened

• Daniel Muniz Quintanilla, a director of NOVAGOLD RESOURCES INC (NG), was granted 1,302 Deferred Share Units (DSUs) on June 1, 2026. The Form 4 reports the acquisition as 1,302 units at $0.00, for a reported value of $0.
• These DSUs are the economic equivalent of common shares but are not actual shares issued now; the reporting person has no voting or dispositive rights in respect of the underlying common shares until termination of service.

Key Details

• Transaction date and type: 2026-06-01 — Grant/Award (code A)
• Amount: 1,302 DSUs; Price reported: $0.00; Total reported value: $0
• Shares owned after transaction: not reported on the filing
• Footnote: F1 — DSUs equal the economic value of one common share each; underlying shares will be issued only at termination. Grants to non-U.S. participants expire December 31 of the year after termination; grants to U.S. participants expire 90 days after termination.
• Filing: Form filed 2026-06-01 (appears timely). Remarks note Exhibit 24 — Power of Attorney.

Context

• DSUs are a form of deferred compensation for directors — they track share value but are not immediate open-market purchases or sales and do not convey voting rights until settled. Such grants are routine compensation and do not directly signal an insider buying or selling stock on the open market.