Dakota Gold (DC) CEO acquires 37,702 shares via derivative exercise

Rhea-AI Filing Summary

Dakota Gold Corp. director and chief executive officer Robert Quartermain acquired 37,702 shares of common stock through an in-the-money derivative exercise at $6.3216 per share on March 4, 2026. Following this transaction, he directly owned 7,996,675 shares of Dakota Gold common stock.

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^*

QUARTERMAIN ROBERT

(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
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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(1)	03/04/2026		X		37,702	D	$6.3216(1)	7,996,675	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

Explanation of Responses:

1. Represents shares of common stock sold by the Reporting Person on March 4, 2026 solely for the purpose of satisfying tax withholding obligations in connection with the conversion of an aggregate of 68,882 restricted stock units, which vested on March 1, 2026 and March 3, 2026, into shares of common stock upon settlement by the Issuer. Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.32 to $6.335. 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 common shares sold at each separate price.

	/S/ SHAWN CAMPBELL, BY POWER OF ATTORNEY	03/05/2026
	** 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.
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FAQ

What insider transaction did Dakota Gold (DC) report for March 4, 2026?

Dakota Gold reported that CEO and director Robert Quartermain acquired 37,702 shares of common stock via an in-the-money derivative exercise on March 4, 2026. This was recorded as a non-derivative transaction in common stock at a price of $6.3216 per share.

How many Dakota Gold (DC) shares does Robert Quartermain hold after this Form 4?

After the reported transaction, Robert Quartermain directly held 7,996,675 shares of Dakota Gold common stock. This figure reflects his ownership immediately following the March 4, 2026 in-the-money derivative exercise that delivered 37,702 additional common shares to him.

What was the price and size of Robert Quartermain’s Dakota Gold (DC) share acquisition?

Robert Quartermain acquired 37,702 Dakota Gold common shares at a price of $6.3216 per share. The transaction is described as an exercise of an in-the-money or at-the-money derivative security, resulting in additional directly held common stock for the reporting person.

What does the Form 4 footnote say about Dakota Gold (DC) tax withholding sales?

The footnote explains that certain shares were sold on March 4, 2026 solely to satisfy tax withholding obligations tied to conversion of 68,882 restricted stock units. It notes a weighted average sale price with trades between $6.32 and $6.335 per share over multiple transactions.

How are restricted stock units referenced in this Dakota Gold (DC) Form 4?

The filing notes an aggregate of 68,882 restricted stock units that vested on March 1 and March 3, 2026, then converted into common shares upon settlement by Dakota Gold. Related share sales were made only to cover tax withholding obligations linked to this RSU conversion.