Novagold awards director 1,151 deferred share units

NOVAGOLD director Erfan Ali received a 1,151-unit deferred share award tied to company stock.

Rhea-AI Filing Summary

NOVAGOLD RESOURCES INC (symbol: NG) is the issuer of record for a Form 4 filing submitted to the SEC. Erfan Ali reported acquisition or exercise transactions in this Form 4 filing.

NOVAGOLD RESOURCES INC (NG) reported that director Erfan Ali received a grant of 1,151 Deferred Share Units (DSUs) on September 1, 2026. Each DSU is economically equivalent to one common share, bringing his reported direct holdings to 5,048 common share equivalents, with no voting or dispositive rights until his service as director ends.

Insider Trade Summary

Grant/Award: 1,151 shares

Grant/Award 1 txn

Insider Erfan Ali

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares F1	1,151	$0.00	$0.00

Holdings After Transaction: Common Shares — 5,048 shares (Direct)

Footnotes (1)

1. F1. Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of the Issuer's common stock. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of NOVAGOLD RESOURCES INC. Grants to non-U.S. Eligible Participants will expire on December 31 of the year following the reporting person's termination date; grants to U.S. Eligible Participants will expire 90 days following the reporting person's termination date.

Key Figures

DSUs granted: 1,151 units Post-transaction holdings: 5,048 common share equivalents Grant price: $0.00 per unit +2 more

5 metrics

DSUs granted 1,151 units Deferred Share Units granted to director Erfan Ali on September 1, 2026

Post-transaction holdings 5,048 common share equivalents Total direct holdings reported for Erfan Ali after the DSU grant

Grant price $0.00 per unit Reported transaction price per DSU for the September 1, 2026 grant

U.S. participant DSU expiry 90 days DSU grants to U.S. Eligible Participants expire 90 days after termination date

Non-U.S. participant DSU expiry December 31 of following year DSU grants to non-U.S. Eligible Participants expire December 31 of the year after termination date

Key Terms

Deferred Share Units, economic equivalent, voting or dispositive rights, Eligible Participants, +1 more

5 terms

Deferred Share Units financial

"Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

economic equivalent financial

"Each DSU is the economic equivalent of one share of the Issuer's"

voting or dispositive rights regulatory

"shall not have any voting or dispositive rights with respect to the"

Eligible Participants regulatory

"Grants to non-U.S. Eligible Participants will expire on December 31"

termination date regulatory

"year following the reporting person's termination date; grants to U.S."

Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.

FAQ

What insider transaction did NOVAGOLD (NG) report for Erfan Ali?

NOVAGOLD reported that director Erfan Ali received a grant of 1,151 Deferred Share Units (DSUs) on September 1, 2026, classified as a grant, award, or other acquisition with a reported per-unit price of $0.00 as compensation rather than a market purchase.

How many NOVAGOLD (NG) share equivalents does Erfan Ali hold after this Form 4 transaction?

After the September 1, 2026 grant, Erfan Ali is reported to directly hold 5,048 common share equivalents of NOVAGOLD, including the newly granted 1,151 Deferred Share Units, according to the post-transaction holdings figure in the filing.

What are Deferred Share Units (DSUs) in NOVAGOLD’s (NG) Form 4 for Erfan Ali?

The Form 4 states that the award is a Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of NOVAGOLD common stock, but the underlying shares are not issued and carry no voting or dispositive rights until the director’s service ends.

When will the DSUs granted to NOVAGOLD (NG) director Erfan Ali be settled?

The filing explains that the underlying common shares for the DSUs will not be issued, and Erfan Ali will not have voting or dispositive rights, until termination of his employment or services as a director of NOVAGOLD RESOURCES INC.

Do the NOVAGOLD (NG) DSUs granted to Erfan Ali have an expiration feature?

Yes. The footnote states that grants to non-U.S. Eligible Participants expire on December 31 of the year after the termination date, while grants to U.S. Eligible Participants expire 90 days after the termination date, tying DSU expiry to the end of the director’s service.

Was Erfan Ali’s NOVAGOLD (NG) DSU grant made under a Rule 10b5-1 trading plan?

No. The document-level checkbox for Rule 10b5-1 is unchecked, and there is no footnote indicating that the September 1, 2026 DSU grant to Erfan Ali was made under a Rule 10b5-1 or other pre-arranged trading plan.

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Available on EDGAR 09/03/2026 - 12:34 PM Accepted by SEC EDGAR 09/03/2026 - 12:34 PM 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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Erfan Ali

(Last) (First) (Middle)

C/O NOVAGOLD RESOURCES INC.

201 SOUTH MAIN STREET, SUITE 400

(Street)

SALT LAKE CITY UTAH 84111

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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

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

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

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	09/01/2026		A		1,151(1)	A	$0.00	5,048	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:

1. Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of the Issuer's common stock. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of NOVAGOLD RESOURCES INC. Grants to non-U.S. Eligible Participants will expire on December 31 of the year following the reporting person's termination date; grants to U.S. Eligible Participants will expire 90 days following the reporting person's termination date.

Remarks:

	/s/ Sean Pettey, as attorney-in-fact for Ali Erfan	09/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)