Gerald Michael Aberle - 01 Mar 2025 Form 4 Insider Report for Dakota Gold Corp. (DC)

Role: CHIEF OPERATING OFFICER
Signature: /S/ SHAWN CAMBELL, BY POWER OF ATTORNEY
Issuer symbol: DC
Transactions as of: 01 Mar 2025
Net transactions value: -$60,215
Form type: 4
Filing time: 05 Mar 2025, 18:47:51 UTC
Previous filing: 22 Nov 2024
Next filing: 14 May 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		+6,762	+0.16%		4,363,771	01 Mar 2025	Direct	F1
transaction	DC	COMMON STOCK	Tax liability	$5,563	-1,836	-0.04%	$3.03	4,361,935	01 Mar 2025	Direct	F2
transaction	DC	COMMON STOCK	Options Exercise		+16,450	+0.38%		4,378,385	01 Mar 2025	Direct	F2, F3
transaction	DC	COMMON STOCK	Tax liability	$13,535	-4,467	-0.1%	$3.03	4,373,918	01 Mar 2025	Direct	F4
transaction	DC	COMMON STOCK	Options Exercise		+21,805	+0.5%		4,395,723	01 Mar 2025	Direct	F3, F5
transaction	DC	COMMON STOCK	Tax liability	$18,422	-6,080	-0.14%	$3.03	4,389,643	01 Mar 2025	Direct	F6
transaction	DC	COMMON STOCK	Tax liability	$9,760	-3,221	-0.07%	$3.03	4,386,422	01 Mar 2025	Direct	F7
transaction	DC	COMMON STOCK	Tax liability	$12,935	-4,269	-0.1%	$3.03	4,382,153	01 Mar 2025	Direct	F8
transaction	DC	COMMON STOCK	Award	$0	+82,508	+1.9%	$0.000000	4,464,661	01 Mar 2025	Direct	F9

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	+6,762		$0.000000	0	01 Mar 2025	COMMON STOCK	6,762		Direct	F1
transaction	DC	PERFORMANCE STOCK UNITS	Options Exercise	$0	+16,450	+226%	$0.000000	23,726	01 Mar 2025	COMMON STOCK	16,450		Direct	F2, F3
transaction	DC	PERFORMANCE STOCK UNITS	Options Exercise	$0	+21,805	+53%	$0.000000	62,894	01 Mar 2025	COMMON STOCK	21,805		Direct	F3, 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 29,255 performance stock units ("PSUs") on September 1, 2022, 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 6,762 shares of common stock. Upon settlement, 1,836 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 4,926 shares of common stock.
F2	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.
F3	The Reporting Person was previously granted 71,174 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. 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 16,450 shares of common stock. Upon settlement, 4,467 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 11,983 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	The Reporting Person was previously granted 94,340 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 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 21,805 shares of common stock. Upon settlement, 6,080 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 15,725 shares of common stock.
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 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.
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 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.
F8	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.
F9	Represents RSUs granted pursuant to the Issuer???s 2022 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer???s common stock. The RSUs are scheduled to vest in three equal tranches on March 1, 2026, March 1, 2027 and March 1, 2028.