[Form 4] Dakota Gold Corp. Insider Trading Activity

Rhea-AI Filing Summary

Shawn Campbell, Chief Financial Officer of Dakota Gold Corp. (DC), reported a Form 4 filing showing a disclosed change in beneficial ownership dated 09/08/2025. The filing lists a transaction in COMMON STOCK on 09/08/2025 with code "P" for 11,261 shares disposed at a reported price of $0. After the reported transaction the filing shows 204,115 shares beneficially owned directly and 234,491 shares beneficially owned indirectly (held by spouse). The filing includes an explanation that the shares arise from restricted stock units (RSUs) granted under the issuer's 2022 Stock Incentive Plan, with vesting scheduled in three equal tranches on September 8, 2026, September 8, 2027 and September 8, 2028.

Insights

Financial Analyst

TL;DR: Insider reported a non-cash RSU-related disposition; holdings remain substantial and largely unchanged in structure.

The Form 4 documents a transaction coded "P" for 11,261 shares on 09/08/2025 with a reported price of $0, and an explanatory note that the position relates to RSUs under the 2022 Stock Incentive Plan that vest over three years. Post-transaction beneficial ownership is shown as 204,115 shares direct and 234,491 indirect (spouse). For investors, this is a disclosure of executive equity mechanics rather than an explicit open-market sale for cash; the filing does not state proceeds or market sale details.

Corporate Governance Expert

TL;DR: Form 4 cleanly discloses executive RSU activity and indirect holdings; no regulatory concerns are evident from the filing text.

The filing identifies the reporting person as the CFO and indicates the disposition is linked to RSUs granted under the company plan, including vesting schedule details. It also discloses indirect ownership via spouse. The document contains a manual signature and an explanation of the RSU terms, satisfying standard disclosure expectations. The filing contains no statements of violations, amendments, or additional indemnities.

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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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)
09/08/2025

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(1)	09/08/2025		P		11,261	D	$0	204,115	D
COMMON STOCK								234,491	I	HELD BY SPOUSE

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

Explanation of Responses:

1. Represents restricted stock units ("RSUs") granted under the Issuer's 2022 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs are scheduled to vest in three equal tranches on September 8, 2026, September 8, 2027 and September 8, 2028.

	/S/ SHAWN CAMBELL	09/08/2025
	** 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 transaction did Dakota Gold Corp. (DC) insider Shawn Campbell report on 09/08/2025?

The Form 4 reports a transaction on 09/08/2025 in COMMON STOCK coded "P" for 11,261 shares with a reported price of $0.

How many shares does Shawn Campbell beneficially own after the reported Form 4 transaction?

After the reported transaction the filing shows 204,115 shares beneficially owned directly and 234,491 shares beneficially owned indirectly (held by spouse).

What is the origin of the shares referenced in the Form 4 for DC?

The filing explains the shares represent restricted stock units (RSUs) granted under the issuer's 2022 Stock Incentive Plan.

What are the RSU vesting terms disclosed in the Form 4?

The RSUs are scheduled to vest in three equal tranches on September 8, 2026, September 8, 2027, and September 8, 2028.

What relationship to the issuer does the reporting person have?

The reporting person, Shawn Campbell, is identified as an Officer (Chief Financial Officer) of Dakota Gold Corp.