Bradley J. Ehrman - Dec 13, 2024 Form 4 Insider Report for DORCHESTER MINERALS, L.P. (DMLP)

Role
Chief Executive Officer
Signature
/s/ Bradley J. Ehrman
Stock symbol
DMLP
Transactions as of
Dec 13, 2024
Transactions value $
$0
Form type
4
Date filed
12/17/2024, 08:43 PM
Previous filing
Dec 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DMLP Common Units Options Exercise $0 +4.73K +19.74% $0.00 28.7K Dec 3, 2024 Direct F2
transaction DMLP Common Units Tax liability $0 -1.86K -6.49% $0.00 26.8K Dec 13, 2024 Direct F2, F3
holding DMLP Common Units 103K Dec 13, 2024 . F1

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 Options Exercise $0 -4.73K -33.34% $0.00 9.45K Dec 13, 2024 Common Units 4.73K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These common units are held by Quiscalus Ventures, LLC, in which Mr. Ehrman is the sole member.
F2 These common units are held by Mr. Ehrman in his individual name, IRA or Keogh Plan.
F3 Represents payment of tax liability incident to the grant of common units awarded to the reporting person on December 13, 2024 pursuant to an equity incentive plan, by withholding common units from such grant.
F4 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 (1) 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 (2) 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.