NovaGold (NG) director Dawn Whittaker receives 38,200 stock options at $8.75
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NovaGold Resources director Dawn Patricia Whittaker reported a new stock option grant. On 02/02/2026, she received 38,200 stock options with an exercise price of $8.75 per share, converted from a Canadian price of C$11.87. The options expire on 02/01/2031.
The grant was made at no cost for the options themselves and is held directly. 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, aligning the director’s incentives with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whittaker Dawn Patricia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 38,200 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 38,200 shares (Direct)
Footnotes (1)
- The exercise price reported above was converted from the Canadian exercise price of C$11.87 using an exchange rate of CAD$1.356=U.S.$1.00. The options vest as follows: 1/3 on 02/02/2027; 1/3 on 02/02/2028; and 1/3 on 02/02/2029.
FAQ
What did Dawn Patricia Whittaker report in NovaGold (NG) on this Form 4?
She reported receiving 38,200 NovaGold stock options as a director. The options were granted on 02/02/2026, are held directly, carry a per-share exercise price of $8.75, and expire on 02/01/2031, indicating a long-term equity-based compensation award.
What is the exercise price of the NovaGold (NG) options granted to Dawn Patricia Whittaker?
The options have an exercise price of $8.75 per share, converted from a Canadian price of C$11.87. The filing notes this used an exchange rate of CAD$1.356 to U.S.$1.00, setting the cost at which she can buy NovaGold shares if exercised.
How many NovaGold (NG) stock options does Dawn Patricia Whittaker now beneficially own?
She beneficially owns 38,200 stock options following the reported grant. All of these options relate to NovaGold common shares and are held directly, with the full amount tied to this single award granted on 02/02/2026 under the company’s equity incentives.
When do Dawn Patricia Whittaker’s NovaGold (NG) options vest?
The options vest in three equal installments over three years. One-third vests on 02/02/2027, another third on 02/02/2028, and the final third on 02/02/2029, creating a staged vesting schedule that rewards continued board service over time.
When do the NovaGold (NG) options granted to Dawn Patricia Whittaker expire?
The options expire on 02/01/2031, giving nearly five years from the first vesting date to exercise. After this expiration date, any unexercised options become worthless, so potential value depends on NovaGold’s share price before that deadline.
Did Dawn Patricia Whittaker pay anything for the NovaGold (NG) option grant?
The reported price of the derivative security is $0, indicating no cash payment for receiving the options. Her economic exposure comes from potentially exercising at the $8.75 exercise price in the future if NovaGold’s share price exceeds that level.