NOVAGOLD RESOURCES INC — Director's Dealing 2020

Oct 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOVAGOLD RESOURCES INC (NG)
CIK: 0001173420
Period of Report: 2020-10-02

Reporting Person: Lang Gregory A. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-02	Common Shares	M	140000	$3.77	Acquired	144999	Direct
2020-10-02	Common Shares	F	47296	$11.16	Disposed	97703	Direct
2020-10-02	Common Shares	S	89214	$11.11	Disposed	8489	Direct
2020-10-02	Common Shares	J	3490	$0.00	Disposed	4999	Direct
2020-10-02	Common Shares	J	3490	$0.00	Acquired	1846371	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-02	Stock Option (Right to Buy)	$3.77	M	140000	Disposed	2020-11-30	Common Shares (140000)	Direct

Footnotes

F1: The price reported above was converted from the Canadian exercise price of C$5.02 to USD using an exchange rate of CAD$1.3310=USD$1.00.

F2: The price reported in Column 4 was converted from the Canadian price of C$14.86 using an exchange rate of CAD$1.3310=USD$1.00.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from C$14.73 to C$14.84, inclusive. The reporting person undertakes to provide to NOVAGOLD RESOURCES INC., any security holder of NOVAGOLD RESOURCES INC., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The weighted average sales price reported above was converted from the Canadian weighted average sales price of C$14.79 using an exchange rate of CAD$1.3310=USD$1.00.

F4: These shares were transferred to a trust for the benefit of the reporting person's family. The reporting person is the trustee and sole primary beneficiary of the family trust.

F5: These options vested as follows: 1/3 on 12/1/2015; 1/3 on 12/1/2016; and 1/3 on 12/1/2017.