KAPLAN THOMAS SCOTT 4

What Happened

• Thomas Scott Kaplan, a director of NOVAGOLD RESOURCES INC (ticker: NG), was granted 36,600 derivative securities (an options award per the filing) on Feb. 2, 2026. The grant was reported on a Form 4 filed Feb. 3, 2026. The award shows an acquisition at $0.00 per share (no cash paid at grant); reported value at grant = $0.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-03 (timely filing).
• Amount: 36,600 derivative shares/options; reported acquisition price: $0.00; reported total value at grant: $0.
• Vesting: 1/3 vests on Feb. 02, 2027; 1/3 on Feb. 02, 2028; 1/3 on Feb. 02, 2029 (footnote in filing).
• Shares owned after the transaction: not specified in the summary data provided.
• Filing status: not indicated as late.

Context

• This was a compensation/award grant (not an open‑market purchase or sale). The options will vest over three years, so they are not immediately fully exercisable or saleable. The economic benefit to the insider depends on future stock price and any exercise price/terms (exercise price not listed in the provided summary). Such director grants are commonly used for retention and alignment with shareholder interests and do not by themselves indicate immediate bullish or bearish trading by the insider.