Narrative extraction, understanding and visualization is currently a popular topic and an important tool for humans interested in achieving a deeper understanding of text. Information Retrieval (IR), Natural Language Processing (NLP) and Machine Learning (ML) already offer many instruments that aid the exploration of narrative elements in text and within unstructured data. Despite evident advances in the last couple of years the problem of automatically representing narratives in a structured form, beyond the conventional identification of common events, entities and their relationships, is yet to be solved. This workshop held virtually onApril 1st, 2021 co-located with the 43rd European Conference on Information Retrieval (ECIR’21) aims at presenting and discussing current and future directions for IR, NLP, ML and other computational fields capable of improving the automatic understanding of narratives. It includes a session devoted to regular, short and demo papers, keynote talks and space for an informal discussion of the methods, of the challenges and of the future of the area.