Patrick Malone - Mar 1, 2025 Form 4 Insider Report for Dakota Gold Corp. (DC)

Role
CHIEF LEGAL OFFICER
Signature
/S/ PATRICK MALONE
Stock symbol
DC
Transactions as of
Mar 1, 2025
Transactions value $
-$77,410
Form type
4
Date filed
3/5/2025, 08:01 PM
Previous filing
Jul 15, 2024
Next filing
Apr 8, 2025
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 +14.4K +6.29% 243K Mar 1, 2025 Direct F1
transaction DC COMMON STOCK Tax liability -$14.5K -4.8K -1.97% $3.03 238K Mar 1, 2025 Direct F2
transaction DC COMMON STOCK Options Exercise +20.4K +8.57% 259K Mar 1, 2025 Direct F2, F3
transaction DC COMMON STOCK Tax liability -$20.7K -6.82K -2.63% $3.03 252K Mar 1, 2025 Direct F4
transaction DC COMMON STOCK Tax liability -$10.5K -3.46K -1.37% $3.03 249K Mar 1, 2025 Direct F5
transaction DC COMMON STOCK Tax liability -$14.9K -4.92K -1.98% $3.03 244K Mar 1, 2025 Direct F6
transaction DC COMMON STOCK Tax liability -$16.8K -5.56K -2.28% $3.03 238K Mar 1, 2025 Direct F7
transaction DC COMMON STOCK Award $0 +5.72K +2.4% $0.00 244K Mar 1, 2025 Direct F8

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 +14.4K +226.11% $0.00 20.8K Mar 1, 2025 COMMON STOCK 14.4K Direct F1
transaction DC PERFORMANCE STOCK UNITS Options Exercise $0 +20.4K +53.07% $0.00 59K Mar 1, 2025 COMMON STOCK 20.4K Direct F2
* 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") on March 1, 2023, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS Global Junior Gold Miners Index (the "MVIS Index"). One-third of such PSUs vested in 2024 at 69% of the target number of shares, were settled on March 1, 2025 and were converted into 14,394 shares of common stock. Upon settlement, 4,799 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 9,595 shares of common stock.
F2 Represents shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested PSUs into shares of common stock upon settlement by the Issuer, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
F3 The Reporting Person was previously granted 88,443 PSUs on March 1, 2024, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS. One-third of such PSUs vested in 2024 at 69% of the target number of shares, were settled on March 1, 2025 and were converted into 20,442 shares of common stock. Upon settlement, 6,816 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 13,626 shares of common stock.
F4 Represents shares of common stock withheld by the Issuer solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested PSUs into shares of common stock upon settlement by the Issuer, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
F5 Represents shares of common stock withheld by the Issuer solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested restricted stock units ("RSUs") into shares of common stock upon settlement by the Issuer, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
F6 Represents shares of common stock withheld by the Issuer solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested RSUs into shares of common stock upon settlement by the Issuer, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
F7 Represents shares of common stock withheld by the Issuer solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested RSUs into shares of common stock upon settlement by the Issuer, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
F8 Represents shares of common stock granted to the Reporting Person pursuant to the Issuers 2022 Stock Incentive Plan.