Novagold Resources (NG) director awarded 593 DSUs and now holds 23,752 shares

Rhea-AI Filing Summary

Novagold Resources Inc. reported an equity award to one of its directors. On December 1, 2025, the director acquired 593 common shares at a price of $0.00, increasing the director’s beneficial ownership to 23,752 common shares held directly.

The footnotes clarify this reflects a grant of Deferred Share Units (DSUs), each economically equivalent to one common share. The underlying shares will not be issued, and the director will not have voting or dispositive rights over those underlying shares, until the director’s service with Novagold ends. For non‑U.S. participants, DSU grants expire on December 31 of the year following termination; for U.S. participants, they expire 90 days after termination.

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^*

KYLE HUME D.

(Last) (First) (Middle)

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)
12/01/2025

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	12/01/2025		A		593(1)	A	$0.00	23,752	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/ Hume Kyle	12/02/2025
	** 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.

FAQ

What insider transaction did Novagold Resources (NG) report in this Form 4?

Novagold Resources reported that one of its directors acquired 593 common shares on December 1, 2025 at a price of $0.00, through a grant of Deferred Share Units (DSUs).

How many Novagold Resources (NG) shares does the reporting director now own?

After the reported transaction, the director beneficially owns 23,752 common shares of Novagold Resources Inc., held in direct ownership.

What are Deferred Share Units (DSUs) in the Novagold Resources (NG) filing?

Deferred Share Units are awards where each DSU is the economic equivalent of one common share. The underlying shares are not issued, and the holder has no voting or dispositive rights over them until their employment or board service with Novagold ends.

When do the DSU grants for Novagold Resources (NG) directors expire?

For non‑U.S. Eligible Participants, DSU grants expire on December 31 of the year following the termination date. For U.S. Eligible Participants, they expire 90 days after the termination date.

Does the Novagold Resources (NG) director have voting rights on the DSU underlying shares?

No. The filing states that the underlying common shares will not be issued, and the reporting person will not have any voting or dispositive rights over those shares until their employment or service as a director ends.

What is the relationship of the reporting person to Novagold Resources (NG)?

The reporting person is identified as a director of Novagold Resources Inc. and filed the Form 4 as an individual reporting person.