Dakota Gold (DC) director awarded 100,000 stock options vesting over 3 years

Rhea-AI Filing Summary

Dakota Gold Corp. director Brian Iverson reported an award of stock options, giving him rights to acquire 100,000 options as of March 1, 2026. These options are scheduled to vest in three equal parts on March 1, 2027, March 1, 2028, and March 1, 2029.

Following this grant, Iverson holds 100,000 stock options directly. This type of award is a common form of equity-based compensation that can link a director’s potential future gains to the company’s longer-term performance.

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

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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^*

Iverson Brian

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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
STOCK OPTIONS	$6.96	03/01/2026		A		100,000		03/01/2027(1)	03/01/2031	COMMON STOCK	100,000	$0	100,000	D

Explanation of Responses:

1. The options are scheduled to vest in three equal tranches on March 1, 2027, March 1, 2028 and March 1, 2029.

	/S/ SHAWN CAMPBELL, BY POWER OF ATTORNEY	03/02/2026
	** 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 did Dakota Gold Corp. (DC) director Brian Iverson report on this Form 4?

Director Brian Iverson reported receiving a grant of stock options representing rights to acquire 100,000 options. The award was dated March 1, 2026, and is held directly in his name as a form of equity-based compensation from Dakota Gold Corp.

How many Dakota Gold Corp. (DC) stock options were granted to Brian Iverson?

Brian Iverson was granted 100,000 stock options. This entire amount is reported as beneficially owned following the transaction, indicating the grant increased his direct derivative holdings to 100,000 options tied to Dakota Gold Corp. common equity.

When do Brian Iverson’s Dakota Gold (DC) stock options vest?

The options are scheduled to vest in three equal tranches. Vesting dates are March 1, 2027, March 1, 2028, and March 1, 2029, meaning the award becomes exercisable in stages over three consecutive years, aligning with longer-term service at Dakota Gold Corp.

Is Brian Iverson’s Dakota Gold (DC) option grant a purchase or an award?

The Form 4 characterizes the transaction as a grant or award acquisition, not an open-market purchase. The transaction code is “A” for grant, and the filing describes it as a derivative equity award of stock options provided to Iverson as compensation.

How is ownership of the Dakota Gold (DC) options reported for Brian Iverson?

The filing reports Brian Iverson’s ownership of the 100,000 stock options as direct. The ownership code is listed as “D” for direct, and there is no indication in the excerpt that the options are held through a trust, partnership, or other indirect entity.