[Form 4] NovaGold Resources Inc. Insider Trading Activity
Thomas S. Kaplan, a director of NovaGold Resources Inc. (NG), was granted 1,622.426 Deferred Share Units (DSUs) on 09/01/2025. Each DSU is economically equivalent to one common share but the underlying shares will not be issued and Kaplan has no voting or dispositive rights until his service as a director terminates. The DSUs vested immediately upon grant and will expire no later than 90 days after his termination.
Following this grant, Kaplan beneficially owns 115,915.505 common shares. The reported price for the DSUs is $0 and the Form 4 was signed on 09/03/2025.
Thomas S. Kaplan, consigliere di NovaGold Resources Inc. (NG), ha ricevuto 1.622,426 Unit脿 Differite di Azioni (DSU) il 01/09/2025. Ciascuna DSU corrisponde economicamente a un'azione ordinaria, ma le azioni sottostanti non verranno emesse e Kaplan non avr脿 diritti di voto o di disposizione fino alla cessazione del suo incarico di amministratore. Le DSU sono diventate pienamente esigibili al momento della concessione e scadranno non oltre 90 giorni dalla sua cessazione.
A seguito di questa assegnazione, Kaplan detiene in via beneficiaria 115.915,505 azioni ordinarie. Il valore riportato per le DSU 猫 $0 e il Modulo 4 猫 stato firmato il 03/09/2025.
Thomas S. Kaplan, director de NovaGold Resources Inc. (NG), recibi贸 1,622.426 Unidades Diferidas de Acciones (DSU) el 01/09/2025. Cada DSU equivale econ贸micamente a una acci贸n ordinaria, pero las acciones subyacentes no se emitir谩n y Kaplan no tendr谩 derechos de voto ni de disposici贸n hasta que termine su cargo como director. Las DSU se consolidaron inmediatamente al otorgarse y vencer谩n a m谩s tardar 90 d铆as despu茅s de su cese.
Tras esta concesi贸n, Kaplan posee de forma beneficiosa 115,915.505 acciones ordinarias. El precio informado para las DSU es $0 y el Formulario 4 fue firmado el 03/09/2025.
NovaGold Resources Inc.(NG) 鞚挫偓鞚� Thomas S. Kaplan鞚� 2025-09-01鞐� 1,622.426臧滌潣 鞚挫棸欤检嫕雼渼(DSU)毳� 攵�鞐皼鞎橃姷雼堧嫟. 臧� DSU電� 瓴届牅鞝侅溂搿� 氤错喌欤� 1欤检檧 霃欖澕頃橃毵�, 旮办磮 欤检嫕鞚� 氚滍枆霅橃 鞎婌溂氅� Kaplan鞚� 鞚挫偓 歆侂臧� 膦呺霅� 霑岅箤歆� 鞚橁舶甓岇澊雮� 觳橂秳甓岇潉 臧栰 鞎婌姷雼堧嫟. DSU電� 攵�鞐� 歃夓嫓 鞕勳爠頌� 旆摑霅橃棃鞙茧┌, 膦呺鞚茧攵�韯� 電柎霃� 90鞚� 鞚措偞鞐� 毵岆霅╇媹雼�.
鞚措矆 攵�鞐� 鞚错泟 Kaplan鞚� 鞁れ鞝侅溂搿� 115,915.505欤检潣 氤错喌欤茧ゼ 氤挫湢頃橁碃 鞛堨姷雼堧嫟. DSU鞐� 雽�頃� 氤搓碃霅� 臧�旃橂姅 $0鞚措┌ Form 4電� 2025-09-03鞐� 靹滊獏霅橃棃鞀惦媹雼�.
Thomas S. Kaplan, administrateur de NovaGold Resources Inc. (NG), s'est vu accorder 1鈥�622,426 unit茅s d'actions diff茅r茅es (DSU) le 01/09/2025. Chaque DSU 茅quivaut 茅conomiquement 脿 une action ordinaire, mais les actions sous-jacentes ne seront pas 茅mises et Kaplan n'aura ni droits de vote ni droits de disposition tant que son mandat d'administrateur n'aura pas pris fin. Les DSU ont acquis imm茅diatement le droit et expireront au plus tard 90 jours apr猫s la cessation de ses fonctions.
脌 la suite de cette attribution, Kaplan d茅tient 脿 titre b茅n茅ficiaire 115鈥�915,505 actions ordinaires. Le prix d茅clar茅 pour les DSU est de 0 $ et le Formulaire 4 a 茅t茅 sign茅 le 03/09/2025.
Thomas S. Kaplan, Direktor von NovaGold Resources Inc. (NG), wurden am 01.09.2025 1.622,426 Deferred Share Units (DSUs) gew盲hrt. Jede DSU entspricht wirtschaftlich einer Stammaktie, aber die zugrunde liegenden Aktien werden nicht ausgegeben und Kaplan hat bis zur Beendigung seiner T盲tigkeit als Direktor keine Stimm- oder Verf眉gungsrechte. Die DSUs sind bei der Gew盲hrung sofort unverfallbar geworden und verfallen sp盲testens 90 Tage nach seinem Ausscheiden.
Nach dieser Zuteilung h盲lt Kaplan wirtschaftlich 115.915,505 Stammaktien. Der berichtete Preis f眉r die DSUs betr盲gt $0 und Formular 4 wurde am 03.09.2025 unterzeichnet.
- Alignment with shareholders: DSUs provide economic alignment between the director and shareholders without immediate voting dilution
- Modest incremental award: 1,622.426 DSUs is small relative to the reporting person's total beneficial ownership of 115,915.505 shares
- Deferred voting rights: Reporting person has no voting or dispositive rights for the underlying shares until termination, limiting immediate governance influence
- Potential future dilution: DSUs convert to shares upon termination, which could lead to dilution at a later date
Insights
TL;DR: Routine director compensation using vested DSUs preserves cash and aligns long-term interests without immediate dilution.
The filing documents a standard director award of 1,622.426 DSUs that vested on grant but defer issuance and voting until termination of service. This structure is commonly used to align a director's economic exposure with shareholders while avoiding current equity dilution and conserving cash. The immediate vesting but deferred issuance means the recipient recognizes economic value now but lacks shareholder control until exit. The award size relative to total beneficial ownership is modest; the report shows 115,915.505 shares beneficially owned after the grant, indicating the grant is incremental rather than transformative.
TL;DR: Compensation action appears routine and nondilutive in the short term, with limited immediate governance impact.
The grant is recorded at a $0 per-unit price in the Form 4 because DSUs represent deferred rights to common shares rather than an open-market purchase. Immediate vesting simplifies administration but maintains the typical deferral of issuance until termination. For investors tracking insider alignment or potential future dilution, the key elements are the number of DSUs (1,622.426), their conversion to underlying shares upon termination, and the 90-day post-termination expiration window. No cash transaction or exercise price is reported.
Thomas S. Kaplan, consigliere di NovaGold Resources Inc. (NG), ha ricevuto 1.622,426 Unit脿 Differite di Azioni (DSU) il 01/09/2025. Ciascuna DSU corrisponde economicamente a un'azione ordinaria, ma le azioni sottostanti non verranno emesse e Kaplan non avr脿 diritti di voto o di disposizione fino alla cessazione del suo incarico di amministratore. Le DSU sono diventate pienamente esigibili al momento della concessione e scadranno non oltre 90 giorni dalla sua cessazione.
A seguito di questa assegnazione, Kaplan detiene in via beneficiaria 115.915,505 azioni ordinarie. Il valore riportato per le DSU 猫 $0 e il Modulo 4 猫 stato firmato il 03/09/2025.
Thomas S. Kaplan, director de NovaGold Resources Inc. (NG), recibi贸 1,622.426 Unidades Diferidas de Acciones (DSU) el 01/09/2025. Cada DSU equivale econ贸micamente a una acci贸n ordinaria, pero las acciones subyacentes no se emitir谩n y Kaplan no tendr谩 derechos de voto ni de disposici贸n hasta que termine su cargo como director. Las DSU se consolidaron inmediatamente al otorgarse y vencer谩n a m谩s tardar 90 d铆as despu茅s de su cese.
Tras esta concesi贸n, Kaplan posee de forma beneficiosa 115,915.505 acciones ordinarias. El precio informado para las DSU es $0 y el Formulario 4 fue firmado el 03/09/2025.
NovaGold Resources Inc.(NG) 鞚挫偓鞚� Thomas S. Kaplan鞚� 2025-09-01鞐� 1,622.426臧滌潣 鞚挫棸欤检嫕雼渼(DSU)毳� 攵�鞐皼鞎橃姷雼堧嫟. 臧� DSU電� 瓴届牅鞝侅溂搿� 氤错喌欤� 1欤检檧 霃欖澕頃橃毵�, 旮办磮 欤检嫕鞚� 氚滍枆霅橃 鞎婌溂氅� Kaplan鞚� 鞚挫偓 歆侂臧� 膦呺霅� 霑岅箤歆� 鞚橁舶甓岇澊雮� 觳橂秳甓岇潉 臧栰 鞎婌姷雼堧嫟. DSU電� 攵�鞐� 歃夓嫓 鞕勳爠頌� 旆摑霅橃棃鞙茧┌, 膦呺鞚茧攵�韯� 電柎霃� 90鞚� 鞚措偞鞐� 毵岆霅╇媹雼�.
鞚措矆 攵�鞐� 鞚错泟 Kaplan鞚� 鞁れ鞝侅溂搿� 115,915.505欤检潣 氤错喌欤茧ゼ 氤挫湢頃橁碃 鞛堨姷雼堧嫟. DSU鞐� 雽�頃� 氤搓碃霅� 臧�旃橂姅 $0鞚措┌ Form 4電� 2025-09-03鞐� 靹滊獏霅橃棃鞀惦媹雼�.
Thomas S. Kaplan, administrateur de NovaGold Resources Inc. (NG), s'est vu accorder 1鈥�622,426 unit茅s d'actions diff茅r茅es (DSU) le 01/09/2025. Chaque DSU 茅quivaut 茅conomiquement 脿 une action ordinaire, mais les actions sous-jacentes ne seront pas 茅mises et Kaplan n'aura ni droits de vote ni droits de disposition tant que son mandat d'administrateur n'aura pas pris fin. Les DSU ont acquis imm茅diatement le droit et expireront au plus tard 90 jours apr猫s la cessation de ses fonctions.
脌 la suite de cette attribution, Kaplan d茅tient 脿 titre b茅n茅ficiaire 115鈥�915,505 actions ordinaires. Le prix d茅clar茅 pour les DSU est de 0 $ et le Formulaire 4 a 茅t茅 sign茅 le 03/09/2025.
Thomas S. Kaplan, Direktor von NovaGold Resources Inc. (NG), wurden am 01.09.2025 1.622,426 Deferred Share Units (DSUs) gew盲hrt. Jede DSU entspricht wirtschaftlich einer Stammaktie, aber die zugrunde liegenden Aktien werden nicht ausgegeben und Kaplan hat bis zur Beendigung seiner T盲tigkeit als Direktor keine Stimm- oder Verf眉gungsrechte. Die DSUs sind bei der Gew盲hrung sofort unverfallbar geworden und verfallen sp盲testens 90 Tage nach seinem Ausscheiden.
Nach dieser Zuteilung h盲lt Kaplan wirtschaftlich 115.915,505 Stammaktien. Der berichtete Preis f眉r die DSUs betr盲gt $0 und Formular 4 wurde am 03.09.2025 unterzeichnet.
FAQ
What did Thomas S. Kaplan report on Form 4 for NovaGold (NG)?
Do the DSUs give Thomas Kaplan voting rights in NovaGold (NG)?
When will the DSUs convert into NovaGold (NG) common shares?
What price was reported for the DSUs on the Form 4?
When was the Form 4 signed for this transaction?
