NOVAGOLD (NG) Director Elaine Dorward-King Receives Award

What Happened

• Elaine Dorward-King, a director of NOVAGOLD RESOURCES INC (NG), received an award of 1,151 Deferred Share Units (DSUs) on 2026-09-01. The reported acquisition price was $0.00, reflecting a grant rather than a cash purchase.
• This is a grant/award (code A) of DSUs — a form of deferred compensation — not an open-market buy or sale.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-03 (appears to be filed timely).
• Shares/units granted: 1,151 DSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Grant of DSUs. Each DSU equals the economic equivalent of one common share; underlying shares are not issued now and the reporting person has no voting or dispositive rights until termination of service. Grants to non‑U.S. participants expire Dec 31 of the year after termination; U.S. participants’ grants expire 90 days after termination.

Context

• DSUs are a deferred-equity compensation vehicle commonly used for directors’ pay; they do not represent immediate share ownership or proceeds and are typically paid out (in shares or cash) upon leaving the board or as otherwise specified.
• Such grants are routine director compensation and should not be read as an immediate market signal to buy or sell NOVAGOLD stock.