NOVAGOLD Director Erfan Ali Receives Award of 1,151 DSUs

What Happened

• Erfan Ali, a director of NOVAGOLD RESOURCES INC (NG), received an award of 1,151 deferred share units (DSUs) on 2026-09-01. The Form 4 reports an acquisition price of $0.00 for the grant (transaction code A). Because this is a compensation grant (not an open-market purchase), it is neutral rather than a direct market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03.
• Amount: 1,151 DSUs; reported acquisition price: $0.00; total cash value on Form 4: $0.
• Shares owned after transaction: not specified on this Form 4.
• Footnote: These are Deferred Share Units (DSUs). DSUs are the economic equivalent of one common share each but underlying shares are not issued and the holder has no voting or dispositive rights until termination of service.
• Timeliness: Form was filed two days after the grant date (appears timely under standard Form 4 filing rules).

Context

• DSUs are a form of equity compensation—common for directors—meant to provide economic exposure to the stock over time; they do not represent immediate ownership of common shares or voting power. Per the footnote: grants to non‑U.S. participants expire on December 31 of the year after termination; grants to U.S. participants expire 90 days after termination.