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

Role: Chief Financial Officer
Signature: /s/ Leslie A. Moriyama
Stock symbol: DMLP
Transactions as of: Dec 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/21/2024, 09:44 PM
Previous filing: Nov 13, 2023
Next filing: May 20, 2024

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	+13.1K		$0.00	13.1K	Dec 15, 2023	Common Units	13.1K		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.