MADHAVPEDDI KALIDAS V 4

What Happened

• Madhavpeddi Kalidas V, a director of NOVAGOLD RESOURCES INC (NG), received a grant of 651 Deferred Share Units (DSUs) on 2026-06-01. The reported acquisition price is $0.00 because this is an award rather than an open-market purchase; DSUs are economically equivalent to common shares but are not issued as shares at grant.

Key Details

• Transaction date: 2026-06-01 (reported in Form 4, accession 0001214659-26-007010).
• Transaction type: Award/Grant (code A) — 651 DSUs granted at $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Each DSU equals the economic value of one common share; underlying common shares are not issued and the reporting person has no voting or dispositive rights until termination of service. DSU expiry differs by participant location: grants to non-U.S. eligible participants expire Dec 31 of the year after termination; grants to U.S. eligible participants expire 90 days after termination.
• Filing paperwork: Includes Exhibit 24 (Power of Attorney). No late-filing indication in the provided data.

Context

• DSUs are a form of deferred compensation for directors; they are not an immediate purchase of stock and do not convey voting rights until converted/issued upon termination as described. Such awards are routine compensation and should be interpreted as remuneration rather than a direct bullish purchase of shares.