Shawn Campbell - Mar 1, 2024 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, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/5/2024, 03:48 PM
Previous 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		+5.46K	+5.01%		115K	Mar 1, 2024	Direct	F1
transaction	DC	Common Stock	Options Exercise		+14K	+12.18%		128K	Mar 1, 2024	Direct	F2
transaction	DC	Common Stock	Award	$0	+35.4K	+27.54%	$0.00	164K	Mar 1, 2024	Direct	F3
holding	DC	Common Stock						234K	Mar 1, 2024	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	-50%	$0.00	6.97K	Mar 1, 2024	Common stock	6.97K		Direct	F1
transaction	DC	Performance Stock Units	Options Exercise	$0	-17.8K	-33.33%	$0.00	35.6K	Mar 1, 2024	Common Stock	17.8K		Direct	F2
transaction	DC	Stock Options	Award	$0	+71.4K		$0.00	71.4K	Mar 1, 2024	Common Stock	71.4K	$2.12	Direct	F4
transaction	DC	Performance Share Units	Award	$0	+70.8K		$0.00	70.8K	Mar 1, 2024	Common Stock	70.8K		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 2024 at 78% of the target number of shares, were settled on March 1, 2024 and were converted into 5,461 shares of Common Stock.
F2	The Reporting Person was previously granted 53,381 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 13,950 shares of Common Stock.
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, 2025, March 1, 2026 and March 1, 2027.
F4	The options are scheduled to vest in three equal tranches on March 1, 2025, March 1, 2026 and March 1, 2027.
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 2025, 2026 and 2027.