KAPLAN THOMAS SCOTT 4
4 · NOVAGOLD RESOURCES INC · Filed Dec 4, 2023
Insider Transaction Report
Form 4
KAPLAN THOMAS SCOTT
Director
Transactions
- Award
Deferred Share Unit
2023-12-01+2,599.919→ 95,052.18 total→ Common Shares (2,599.919 underlying) - Award
Stock Option (right to buy)
2023-12-01+81,600→ 81,600 totalExercise: $4.20Exp: 2028-11-30→ Common Shares (81,600 underlying)
Footnotes (2)
- [F1]Each Deferred Share Unit ("DSU") is the economic equivalent of one of the Issuer's common shares. The DSUs vested immediately upon issuance; however, the underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the reporting person's termination date.
- [F2]The options vest as follows: 1/3 on Dec. 1, 2024, 1/3 on Dec. 1, 2025, 1/3 on Dec. 1, 2026.