Jonathan T. Awde - 16 Dec 2022 Form 4 Insider Report for Dakota Gold Corp. (DC)

Role
President & CEO, Director
Signature
/s/ Daniel Cherniak, as attorney-in-fact for Jonathan Awde
Issuer symbol
DC
Transactions as of
16 Dec 2022
Net transactions value
-$558,005
Form type
4
Filing time
19 Dec 2022, 17:07:04 UTC
Previous filing
07 Sep 2022
Next filing
30 Oct 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 +350,000 +284% 473,411 16 Dec 2022 Direct F1
transaction DC Common Stock Tax liability $558,005 -187,250 -40% $2.98 286,161 16 Dec 2022 Direct F2
holding DC Common Stock 82,786 16 Dec 2022 By GPO Holdings Corp. F3
holding DC Common Stock 5,772,091 16 Dec 2022 By JCTA Capital Management Corp. F3
holding DC Common Stock 180,377 16 Dec 2022 By spouse
holding DC Common Stock 216,453 16 Dec 2022 By trusts F4

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 Restricted Stock Units Options Exercise $0 -350,000 -100% $0.000000* 0 16 Dec 2022 Common Stock 350,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 350,000 restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs settled on December 16, 2022 and were converted into 162,750 shares of Common Stock, net of shares of Common Stock withheld for taxes due on such conversion.
F2 Represents net settlement for taxes due in connection with the conversion of 350,000 vested RSUs into shares of Common Stock upon settlement by the Issuer, based on a closing price of $2.98 per share of the Common Stock on December 15, 2022 on the NYSE American.
F3 Entity is 100% owned by the Reporting Person.
F4 Reflects securities held by trusts for the benefit of the Reporting Person's children.