ADAMEK PETER 4
Research Summary
AI-generated summary
NOVAGOLD (NG) CFO Peter Adamek Receives 889 Shares Under ESPP
What Happened
Peter Adamek, Vice President & Chief Financial Officer of NOVAGOLD Resources Inc., acquired 889 shares on 2026-06-30 under the company's Employee Stock Purchase Plan (ESPP). The Form 4 reports a weighted average price of $8.69 per share, for an aggregate reported cost of about $7,725. The filing classifies the transaction as an acquisition/award (code A).
Key Details
- Transaction date: 2026-06-30. Form filed: 2026-07-02 (appears within the typical two-business-day filing window).
- Shares acquired: 889. Reported weighted-average price: $8.69. Reported total value: ~$7,725.
- Price range: Footnote indicates purchases occurred over the quarter at prices ranging $7.72 to $10.85; $8.69 is a weighted average. (Footnote F2: reporting person will provide detailed per-price breakdown on request.)
- Method: Employee Stock Purchase Plan (Footnote F1).
- Shares owned after the transaction: Not specified in the provided filing.
- Other: Exhibit 24 (Power of Attorney) noted on the filing.
Context
ESPP purchases are a common employee benefit and often reflect routine payroll-deduction purchases rather than open-market investment timing. Insider purchases can be informative to investors, but should be considered alongside other data (company fundamentals, broader insider activity, and market conditions). The filing provides a weighted average price and a range of underlying purchase prices; full per-trade price details are available upon request as noted in the footnote.
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