NG Director Buys 3,824 Shares at $5.23 – Insider Activity

NOVAGOLD Resources Inc. (NG) Form 4: Director Ethan Schutt bought 3,824 common shares on 28 Jul 2025 at $5.23 per share, spending roughly $20.0 k.

Rhea-AI Filing Summary

NOVAGOLD Resources Inc. (NG) Form 4: Director Ethan Schutt bought 3,824 common shares on 28 Jul 2025 at $5.23 per share, spending roughly $20.0 k. His direct holdings rise to 51,735 shares. No derivative transactions were reported. The filing was signed 29 Jul 2025 by attorney-in-fact Tricia Pannier.

Positive

• Director purchased 3,824 shares, indicating insider confidence.
• Transaction increased direct holdings to 51,735 shares with no concurrent sales.

Negative

• Purchase size is immaterial relative to NOVAGOLD’s outstanding shares and market capitalization.

Insights

Equity Analyst

TL;DR: Small insider buy signals modest confidence; immaterial to fundamentals.

The purchase adds only 3,824 shares, lifting Schutt’s stake to 51,735. Dollar value (<$25 k) is minor vs. NOVAGOLD’s market cap, so direct financial impact is negligible. However, insider buying—especially by a director—often conveys incremental confidence in share valuation. Absence of sales or derivative activity keeps message clean. Overall impact on valuation or liquidity is de minimis; sentiment tilt modestly positive.

Insider Trade Summary

Net Buyer: 3,824 shares

Net Buy 1 txn

Insider Schutt Ethan

Role Director

Bought 3,824 shs ($20K)

Type	Security	Shares	Price	Value
Purchase	Common Shares	3,824	$5.23	$20K

Holdings After Transaction: Common Shares — 51,735 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NOVAGOLD (NG) report in the latest Form 4?

Director Ethan Schutt bought 3,824 NG common shares on 28 Jul 2025 at $5.23 each.

How many NOVAGOLD shares does Ethan Schutt own after the transaction?

He now directly owns 51,735 common shares.

Were any shares sold or derivatives exercised in this filing?

No. The Form 4 lists only a purchase; no sales or derivative trades were reported.

What was the total dollar value of the insider purchase?

Approximately $20,000 (3,824 × $5.23).

When was the Form 4 for NOVAGOLD filed?

The document was signed and filed on 29 Jul 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/29/2025 - 10:31 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schutt Ethan

(Last) (First) (Middle)

C/O NOVAGOLD RESOURCES INC.

201 SOUTH MAIN STREET, SUITE 400

(Street)

SALT LAKE CITY UT 84111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NOVAGOLD RESOURCES INC [ NG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/28/2025		P		3,824	A	$5.23	51,735	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Tricia Pannier as attorney-in-fact for Ethan Schutt	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.