Patrick Shay Malone - 01 Mar 2024 Form 4 Insider Report for Dakota Gold Corp. (DC)

Role: SVP & CAO
Signature: /s/ Daniel Cherniak, as attorney-in-fact for Patrick Shay Malone
Issuer symbol: DC
Transactions as of: 01 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Mar 2024, 16:06:45 UTC
Previous filing: 12 May 2023
Next filing: 15 Jul 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DC	Common Stock	Options Exercise		+16,276	+11%		161,624	01 Mar 2024	Direct	F1
transaction	DC	Common Stock	Award	$0	+94,222	+58%	$0.000000	255,846	01 Mar 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DC	Performance Stock Units	Options Exercise	$0	-20,759	-33%	$0.000000	41,519	01 Mar 2024	Common Stock	20,759		Direct	F1
transaction	DC	Stock Options	Award	$0	+89,193		$0.000000	89,193	01 Mar 2024	Common Stock	89,193	$2.12	Direct	F3
transaction	DC	Performance Share Units	Award	$0	+88,443		$0.000000	88,443	01 Mar 2024	Common Stock	88,443		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was previously granted 62,278 performance stock units ("PSUs"), which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of Dakota Gold Corp. as compared to the MVIS Global Junior Gold Miners Index. One third of such PSUs vested in 2024 at 78% of the target number of shares, were settled on March 1, 2024 and were converted into 16,276 shares of Common Stock.
F2	Represents restricted stock units ("RSU"). Each RSU represents a contingent right to receive one share of Dakota Gold Corp. common stock. The RSUs are scheduled to vest in three equal tranches on March 1, 2025, March 1, 2026 and March 1, 2027.
F3	The options are scheduled to vest in three equal tranches on March 1, 2025, March 1, 2026 and March 1, 2027.
F4	Each PSU represents a contingent right to receive one share of Dakota Gold Corp. common stock, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of Dakota Gold Corp. as compared to the MVIS Global Junior Gold Miners Index. The PSUs are scheduled to vest in three equal tranches in 2025, 2026 and 2027.