KAPLAN THOMAS SCOTT 4

What Happened Thomas Scott Kaplan, a director of Novagold Resources Inc. (NG), was granted 1,302.115 deferred share units (DSUs) on 2026-06-01. The DSUs were recorded at $0.00 (award/derivative transaction code A) — this is a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (timely filing).
• Grant: 1,302.115 DSUs at $0.00 each (reported as a derivative award).
• Shares owned after transaction: not specified in the filing.
• Footnote: Each DSU is the economic equivalent of one common share, vested immediately, but underlying shares are not issued and Kaplan has no voting/dispositive rights until his service/board tenure ends. Grants expire no later than 90 days after termination.
• Transaction type: Award/Grant (code A) — common director compensation, not a market buy or sell.

Context Deferred share units are a form of compensation that tracks the economic value of common shares but are typically settled in shares or cash after a director leaves service. Such awards are routine for non-employee directors and do not by themselves indicate buying or selling sentiment in the market.