NovaGold (NG) director awarded 36,600 stock options at $8.73 strike price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NovaGold Resources director Daniel Muniz Quintanilla received a new stock option grant. On 02/02/2026 he was awarded options to purchase 36,600 common shares at an exercise price of $8.73 per share, expiring on 02/01/2031.
The options vest in three equal installments: one-third on 02/02/2027, one-third on 02/02/2028, and one-third on 02/02/2029. Following this grant, he beneficially owns 36,600 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Muniz Quintanilla Daniel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 36,600 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 36,600 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did NovaGold (NG) report for Daniel Muniz Quintanilla?
NovaGold reported that director Daniel Muniz Quintanilla received a grant of 36,600 stock options on 02/02/2026. These options give him the right to buy NovaGold common shares at a fixed exercise price in the future, subject to vesting.
How many NovaGold (NG) stock options were granted and at what exercise price?
The filing shows a grant of 36,600 stock options with an exercise price of $8.73 per share. This price is what the director must pay per share to exercise the options, regardless of the market price when they vest and are exercised.
When do Daniel Muniz Quintanilla’s NovaGold (NG) options vest?
The options vest in three equal tranches: 1/3 on 02/02/2027, 1/3 on 02/02/2028, and 1/3 on 02/02/2029. Vesting means portions of the grant become exercisable over time, encouraging longer-term service.
What is the expiration date of the NovaGold (NG) stock options granted in this Form 4?
The stock options granted to the director expire on 02/01/2031. After that date, any unexercised portion of the 36,600 options can no longer be used to purchase NovaGold common shares at the stated exercise price.
Is the NovaGold (NG) option grant to Daniel Muniz Quintanilla a purchase or an award?
The Form 4 characterizes the transaction with code “A”, indicating an award of derivative securities. The price of the derivative security is reported as $0, meaning the director did not pay upfront to receive the 36,600 options.
Does Daniel Muniz Quintanilla hold the NovaGold (NG) options directly or indirectly?
The filing marks the ownership form as Direct (D), with no separate entity listed in the nature of ownership field. This indicates the 36,600 stock options are held directly by Daniel Muniz Quintanilla rather than through a trust or other affiliated entity.