NOVAGOLD RESOURCES INC — Director's Dealing 2021

Dec 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOVAGOLD RESOURCES INC (NG)
CIK: 0001173420
Period of Report: 2021-12-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Shares	M	360933	$0.00	Acquired	366444	Direct
2021-12-01	Common Shares	F	160074	$6.75	Disposed	206370	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-01	Stock Option (right to buy)	$6.75	A	602300	Acquired	2026-11-30	Common Shares (602300)	Direct
2021-12-01	Performance Share Units ("PSUs")	$0	A	224000	Acquired		Common Shares (224000)	Direct
2021-12-01	Performance Share Units ("PSUs")	$0	M	388100	Disposed		Common Shares (388100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1985117	Indirect

Footnotes

F1: The December 1, 2018 grant totaling 388,100 Performance Share Units (PSUs), which were subject to performance criteria set by the board of directors of the Issuer, was previously voluntarily reported on Form 4 on December 1, 2018. On December 1, 2021, the performance criteria were deemed to have been met with respect to the grant at 93% of the original grant amount, decreasing the award to a total of 360,933 common shares.

F2: The options vest as follows: 1/3 on 12/1/2022; 1/3 on 12/1/2023; and 1/3 on 12/1/2024.

F3: Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2024. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.