Dakota Gold director exercises 275K stock options
Dakota Gold Corp. director Stephen T. O'Rourke exercised stock options and settled related obligations using shares of common stock.
Rhea-AI Filing Summary
Dakota Gold Corp. director Stephen T. O'Rourke exercised stock options and settled related obligations using shares of common stock. On May 6, 2026, he exercised options for 275,000 shares of common stock at an exercise price of $4.76 per share. In connection with this exercise, 230,864 shares of common stock were withheld by the company to pay the option exercise price and associated tax liabilities, based on a $5.67 closing share price. After these transactions, O'Rourke directly owned 962,335 shares of Dakota Gold common stock, and the exercised option grant was fully eliminated.
Positive
- None.
Negative
- None.
Insider Trade Summary
275,000 shares exercised/converted
Exercise
3 txns
Insider
O'Rourke Stephen T.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | STOCK OPTIONS | 275,000 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 275,000 | $4.76 | $1.31M |
| Exercise Price or Tax Liability | COMMON STOCK | 230,864 | $5.67 | $1.31M |
Holdings After Transaction:
STOCK OPTIONS — 0 contracts (Direct);
COMMON STOCK — 962,335 shares (Direct)
Footnotes (2)
- F1. Represents shares of common stock withheld by the Issuer solely for the purposes of paying the exercise price of the stock options in connection with the conversion of the stock options into shares of common stock upon settlement by the Issuer, based on a closing price of $5.67 per share of the common stock on May 6, 2026 on the NYSE American LLC.
- F2. The options vested one-third on each of May 17, 2021, May 17, 2022, and May 17, 2023.
Key Figures
Options exercised: 275,000 shares
Exercise price: $4.76 per share
Shares withheld: 230,864 shares
+3 more
6 metrics
Options exercised
275,000 shares
Common stock acquired via option exercise on May 6, 2026
Exercise price
$4.76 per share
Stock option exercise price for 275,000 shares
Shares withheld
230,864 shares
Withheld to pay exercise price and taxes at $5.67 close
Reference market price
$5.67 per share
Closing price on May 6, 2026 used for withholding
Shares owned after
962,335 shares
Direct common stock holdings following the transactions
Exercised options remaining
0
Exercised stock option grant fully converted; no remaining balance
Key Terms
stock options, Exercise or conversion of derivative security, tax-withholding disposition, derivative security, +1 more
5 terms
stock options financial
"Represents shares of common stock withheld by the Issuer solely for the purposes of paying the exercise price of the stock options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
common stock financial
"Represents shares of common stock withheld by the Issuer solely for the purposes of paying the exercise price"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Dakota Gold (DC) director Stephen O'Rourke report in this Form 4?
Stephen O'Rourke reported exercising stock options for common shares and using a portion of those shares to cover exercise costs and taxes. The filing documents a compensation-related transaction rather than an open-market trade, detailing both the option exercise and share withholding mechanics.
What price was used for Stephen O'Rourke’s Dakota Gold option exercise?
The option exercise was at an exercise price of $4.76 per share. This fixed price reflects the original terms of the stock option grant, which vested over several years before being exercised and converted into common stock on the reported transaction date.
Did this Dakota Gold Form 4 involve an open-market sale or purchase?
The Form 4 shows a stock option exercise and a share withholding for exercise price and taxes, not an open-market trade. The tax-withholding disposition is recorded with code F, indicating a non-market mechanism to settle obligations tied to the equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
