Novagold (NG) Director Madhavpeddi Receives 576-Share DSU Award

What Happened
Madhavpeddi Kalidas V, a director of NOVAGOLD RESOURCES INC (NG), received a grant of 576 Deferred Share Units (DSUs) on 2026-09-01. The reported acquisition price is $0.00 (transaction code A — award/grant), so no cash was exchanged. DSUs are the economic equivalent of common shares but do not represent issued shares or current voting/dispositive rights.

Key Details

• Transaction date: 2026-09-01; Form 4 filed with the SEC on 2026-09-03 (appears timely).
• Transaction type/code: A (Grant/Award) — 576 DSUs at $0.00; reported dollar value $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote (F1): Each DSU equals the economic equivalent of one common share; underlying shares are not issued and the reporting person has no voting/dispositive rights until termination of service. Grants to non‑U.S. eligible participants expire Dec 31 of the year after termination; U.S. participants’ grants expire 90 days after termination.
• Filing timeliness: No late filing flag indicated.

Context
This was a non-cash equity compensation grant (DSUs) to a director rather than a market purchase or sale. DSU grants are routine director compensation and do not immediately change outstanding share count or confer voting rights; they provide future economic exposure tied to the company’s common stock.