Shawn Campbell - Mar 1, 2023 Form 4 Insider Report for Dakota Gold Corp. (DC)

Role: Chief Financial Officer
Signature: /s/ Daniel Cherniak, as attorney-in-fact for Shawn Campbell
Stock symbol: DC
Transactions as of: Mar 1, 2023
Transactions value $: -$8,939
Form type: 4
Date filed: 3/3/2023, 01:40 PM
Previous filing: Sep 7, 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	Options Exercise		+5.95K	+7.14%		89.2K	Mar 1, 2023	Direct	F1
transaction	DC	Common Stock	Tax liability	-$8.94K	-3.18K	-3.57%	$2.81	86K	Mar 1, 2023	Direct	F2
transaction	DC	Common Stock	Award	$0	+26.7K	+31.02%	$0.00	113K	Mar 1, 2023	Direct	F3
holding	DC	Common Stock						234K	Mar 1, 2023	By spouse

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	-6.97K	-33.33%	$0.00	13.9K	Mar 1, 2023	Common Stock	6.97K		Direct	F1
transaction	DC	Stock Options	Award	$0	+54.1K		$0.00	54.1K	Mar 1, 2023	Common Stock	54.1K	$2.81	Direct	F4
transaction	DC	Performance Share Units	Award	$0	+53.4K		$0.00	53.4K	Mar 1, 2023	Common Stock	53.4K		Direct	F5

* 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 20,897 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 2023 at 85% of the target number of shares, were settled on March 1, 2023 and were converted into 2,765 shares of Common Stock, which is 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 the vested PSUs into shares of Common Stock upon settlement by the Issuer, based on a closing price of $2.81 per share of the Common Stock on February 28, 2023 on the NYSE American.
F3	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.
F4	The options are scheduled to vest in three equal tranches on March 1, 2024, March 1, 2025 and March 1, 2026.
F5	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.