Dakota Gold Corp. (DC) director exercises 100,000 options and sells 100,000 shares
Rhea-AI Filing Summary
Dakota Gold Corp. director Jennifer S. Grafton exercised stock options for 100,000 shares of common stock at an exercise price of $5.09 per share and on the same date sold 100,000 common shares at a weighted average price of $6.1169 per share, in multiple transactions within the stated price range.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 100,000 shares ($103K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Grafton Jennifer S
Role
Director
Sold
100,000 shs ($612K)
Approx. gross sale proceeds
$612K
Approx. exercise cost
$509K
Approx. pre-tax spread
$103K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | STOCK OPTIONS F2 | 100,000 | $0.00 | $0.00 |
| Exercise | COMMON STOCK | 100,000 | $5.09 | $509K |
| Sale | COMMON STOCK F1 | 100,000 | $6.1169 | $612K |
Holdings After Transaction:
STOCK OPTIONS — 0 shares (Direct);
COMMON STOCK — 130,900 shares (Direct)
Footnotes (2)
- F1. Represents shares of common stock sold at a weighted average sale price of $6.1169 per share. These shares were sold in multiple transactions at prices ranging from $6.145 to $6.155. 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.
- F2. The options vested in one-third tranches on September 13, 2021, September 13, 2022, and September 13, 2023.
Key Figures
Options exercised: 100,000 shares
Exercise price: $5.09 per share
Shares sold: 100,000 shares
+4 more
7 metrics
Options exercised
100,000 shares
Stock options exercised into common stock on 2026-08-10
Exercise price
$5.09 per share
Conversion or exercise price of stock options
Shares sold
100,000 shares
Common stock sold on 2026-08-10
Weighted average sale price
$6.1169 per share
Average price for 100,000 shares sold in multiple transactions
Sale price range
$6.145 to $6.155 per share
Price range for individual sale transactions referenced in footnote
Options remaining after exercise
0 options
Total stock options under this grant following the exercise
Option expiration date
2026-09-13
Expiration date of the exercised stock options
Key Terms
weighted average sale price, derivative security, tranches
3 terms
weighted average sale price financial
"Represents shares of common stock sold at a weighted average sale price of $6.1169"
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.
tranches financial
"The options vested in one-third tranches on September 13, 2021"
Tranches are portions or slices of a larger financing deal—such as a loan, bond issue, or equity round—that are released at different times or under different conditions. For investors they matter because each tranche can carry different risk, interest or payout terms and may be paid only if certain targets are met; think of funding as slices of a cake handed out as progress is made.
FAQ
What did Dakota Gold Corp. (DC) director Jennifer Grafton report in this Form 4?
Jennifer S. Grafton reported exercising stock options for 100,000 shares of Dakota Gold Corp. common stock and selling 100,000 common shares on the same date in market transactions.
How many Dakota Gold Corp. (DC) options did Jennifer Grafton exercise?
She exercised 100,000 stock options, each convertible into one share of common stock, at an exercise price of $5.09 per share, with the options fully vested by September 13, 2023.
What happened to Jennifer Grafton’s Dakota Gold Corp. (DC) stock options after the transaction?
Following the reported exercise, the Form 4 shows 0 stock options remaining under that specific grant, which originally vested in three one-third tranches on September 13 of 2021, 2022, and 2023.
Was Jennifer Grafton’s Dakota Gold Corp. (DC) trade under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and no footnote states that the transactions were executed pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
