Patrick Shay Malone - Mar 1, 2023 Form 4 Insider Report for Dakota Gold Corp. (DC)

Role: Chief Sustainability Officer
Signature: /s/ Daniel Cherniak, as attorney-in-fact for Patrick Shay Malone
Stock symbol: DC
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/3/2023, 01:32 PM
Previous filing: Nov 21, 2022
Next filing: May 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DC	Common Stock	Award	$0	+31.1K	+24.91%	$0.00	156K	Mar 1, 2023	Direct	F1

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	Stock Options	Award	$0	+63.1K		$0.00	63.1K	Mar 1, 2023	Common Stock	63.1K	$2.81	Direct	F2
transaction	DC	Performance Share Units	Award	$0	+62.3K		$0.00	62.3K	Mar 1, 2023	Common Stock	62.3K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	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, 2024, March 1, 2025 and March 1, 2026.
F2	The options are scheduled to vest in three equal tranches on March 1, 2024, March 1, 2025 and March 1, 2026.
F3	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 2024, 2025 and 2026.