BRADLEY J. EHRMAN - 03 Dec 2025 Form 4 Insider Report for DORCHESTER MINERALS, L.P. (DMLP)

Role
Chief Executive Officer
Signature
/s/ Bradley J. Ehrman
Issuer symbol
DMLP
Transactions as of
03 Dec 2025
Transactions value $
$0
Form type
4
Filing time
05 Dec 2025, 16:46:11 UTC
Previous filing
03 Dec 2025
Next filing
17 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
EHRMAN BRADLEY J Chief Executive Officer 3838 OAK LAWN AVE, SUITE 300, DALLAS /s/ Bradley J. Ehrman 05 Dec 2025 0001642868

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DMLP Common Units Options Exercise $0 +4.81K +18.05% $0.00 31.5K 03 Dec 2025 Direct F2
transaction DMLP Common Units Tax liability $0 -1.75K -5.56% $0.00 29.7K 03 Dec 2025 Direct F2, F3
holding DMLP Common Units 121K 03 Dec 2025 . 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 -4.81K -33.33% $0.00 9.62K 03 Dec 2025 Common Units 4.81K 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 3, 2025 pursuant to an equity incentive plan, by withholding common units from such grant.
F4 Notional Units granted on December 3, 2024, 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 3, 2025. Vested Notional Units are settled within 60 days after the date on which they vest.