Leslie A. Moriyama - 15 Dec 2023 Form 4 Insider Report for DORCHESTER MINERALS, L.P. (DMLP)

Role: Chief Financial Officer
Signature: /s/ Leslie A. Moriyama
Issuer symbol: DMLP
Transactions as of: 15 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Feb 2024, 21:44:41 UTC
Previous filing: 13 Nov 2023
Next filing: 20 May 2024
SEC: View on sec.gov

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	DMLP	Notional Units	Award	$0	+13,052		$0.000000	13,052	15 Dec 2023	Common Units	13,052		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Notional Units granted on December 15, 2023, pursuant to the Dorchester Minerals Management LP Equity Incentive Program. Each Notional Unit entitles the holder to receive either (i) the number of common units representing limited partnership interests in Dorchester Minerals, L.P. (the "Common Units") equal to the number of Notional Units that become vested or (ii) the cash equivalent at the time of vesting of the number of Common Units equal to the number of Notional Units that become vested. One-third of the Notional Units vest on each anniversary of the date of the award agreement over a three-year period beginning on December 15, 2024. Vested Notional Units are settled within 60 days after the date on which they vest.

Content

Notional Units granted on December 15, 2023, pursuant to the Dorchester Minerals Management LP Equity Incentive Program. Each Notional Unit entitles the holder to receive either (i) the number of common units representing limited partnership interests in Dorchester Minerals, L.P. (the "Common Units") equal to the number of Notional Units that become vested or (ii) the cash equivalent at the time of vesting of the number of Common Units equal to the number of Notional Units that become vested. One-third of the Notional Units vest on each anniversary of the date of the award agreement over a three-year period beginning on December 15, 2024. Vested Notional Units are settled within 60 days after the date on which they vest.