CFO of Dakota Gold (DC) reports spouse’s sale of 55,000 shares and warrant exercise

Rhea-AI Filing Summary

Dakota Gold Corp.’s chief financial officer, Shawn Campbell, reported insider transactions involving shares held by his spouse. On January 21, 2026, 55,000 shares of common stock indirectly held by his spouse were sold at a weighted average price of $6.2962, leaving 179,491 indirectly held shares. The filing notes these shares were sold in multiple trades at prices ranging from $6.225 to $6.44. On January 23, 2026, 117,245 warrants with a $2.08 exercise price were exercised into 117,245 common shares at $2.08 per share, all indirectly held by his spouse. After this exercise, indirect holdings increased to 296,736 common shares, and the reported warrants balance fell to zero. Separately, Campbell also reports 204,115 common shares held directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CAMPBELL SHAWN

(Last) (First) (Middle)

C/O DAKOTA GOLD CORP.

106 GLENDALE DRIVE, SUITE 1

(Street)

LEAD SD 57754

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dakota Gold Corp. [ DC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	01/21/2026		S		55,000	D	$6.2962(1)	179,491	I	HELD BY SPOUSE
COMMON STOCK	01/23/2026		X		117,245	A	$2.08	296,736	I	HELD BY SPOUSE
COMMON STOCK								204,115	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
WARRANTS	$2.08	01/23/2026		X			117,245	03/15/2021	03/15/2026	COMMON SHARES	117,245	$0	0	I	HELD BY SPOUSE

Explanation of Responses:

1. Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.225 to $6.44. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares of common stock sold at each separate price.

	/S/ SHAWN CAMPBELL	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Dakota Gold Corp. (DC) report for Shawn Campbell?

The filing reports that Shawn Campbell, Dakota Gold Corp.’s chief financial officer, disclosed sales and warrant exercises involving common stock and warrants that are indirectly held by his spouse, as well as a separate directly held common stock position.

How many Dakota Gold (DC) shares were sold in this Form 4 filing and at what price?

On January 21, 2026, 55,000 shares of Dakota Gold common stock indirectly held by the CFO’s spouse were sold at a weighted average price of $6.2962 per share, with individual trades ranging from $6.225 to $6.44.

What warrants were exercised in the Dakota Gold (DC) Form 4 and into how many shares?

On January 23, 2026, 117,245 warrants with a $2.08 exercise price, indirectly held by the CFO’s spouse, were exercised into 117,245 common shares of Dakota Gold at $2.08 per share.

What are Shawn Campbell’s indirect Dakota Gold (DC) share holdings after these transactions?

Following the reported transactions, the Form 4 shows 296,736 Dakota Gold common shares indirectly held by his spouse, and no remaining warrants in that indirect account.

Does Shawn Campbell report any directly held Dakota Gold (DC) shares?

Yes. In addition to indirect holdings through his spouse, Shawn Campbell reports 204,115 Dakota Gold common shares as directly held.

How is the weighted average sale price for the Dakota Gold (DC) insider sale explained?

The filing explains that the $6.2962 sale price is a weighted average, and that the 55,000 shares were sold in multiple transactions at prices between $6.225 and $6.44. Full trade-level details are available upon request to the company, the SEC staff, or a security holder.