Dakota Gold (DC) VP exercises 300K options and settles PSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dakota Gold Corp. vice president of exploration James McCoy reported multiple equity award transactions on February 27, 2026. He exercised stock options covering 300,000 shares of common stock at an exercise price of $4.64 per share and converted previously granted performance share units (PSUs) into common stock.
Approximately one-third of three PSU grants vested in 2026 at 84% of their target levels, converting into 17,438, 23,112, and 16,170 shares of common stock, respectively. A total of 12,388 shares were sold at a weighted average price of $7.0239 per share solely to cover tax withholding on PSU settlement, and 226,568 shares were withheld by the company to cover the option exercise price and related taxes. After these transactions, McCoy directly owned 445,180 shares of Dakota Gold common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,388 shares ($87,012)
Net Sell
10 txns
Insider
Berry James McCoy
Role
VICE PRESIDENT OF EXPLORATION
Sold
12,388 shs ($87K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | PERFORMANCE SHARE UNITS | 17,438 | $0.00 | -- |
| Exercise | PERFORMANCE SHARE UNITS | 23,112 | $0.00 | -- |
| Exercise | PERFORMANCE SHARE UNITS | 16,170 | $0.00 | -- |
| Exercise | STOCK OPTIONS | 300,000 | $0.00 | -- |
| Exercise | COMMON STOCK | 17,438 | $0.00 | -- |
| Exercise | COMMON STOCK | 23,112 | $0.00 | -- |
| Exercise | COMMON STOCK | 16,170 | $0.00 | -- |
| Sale | COMMON STOCK | 12,388 | $7.0239 | $87K |
| Exercise | COMMON STOCK | 300,000 | $4.64 | $1.39M |
| Tax Withholding | COMMON STOCK | 226,568 | $6.87 | $1.56M |
Holdings After Transaction:
PERFORMANCE SHARE UNITS — 0 shares (Direct);
STOCK OPTIONS — 0 shares (Direct);
COMMON STOCK — 344,854 shares (Direct)
Footnotes (1)
- The Reporting Person was previously granted 62,278 performance stock units ("PSUs") on March 1, 2023, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 17,438 shares of common stock. The Reporting Person was previously granted 82,547 PSUs on March 1, 2024, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS Index. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 23,112 shares of common stock. The Reporting Person was previously granted 57,755 PSUs on March 1, 2024, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS Index. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 16,170 shares of common stock. Represents shares of common stock sold by the Reporting Person on February 27, 2026 solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested PSUs 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 $7.0101 to $7.035. 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. Represents shares of common stock withheld by the Issuer solely for the purposes of (i) paying the exercise price of the stock options and (ii) satisfying tax withholding obligations in connection with the conversion of the stock options into shares of common stock upon settlement by the Issuer, each based on a closing price of $6.87 per share of the common stock on February 27, 2026 on the NYSE American LLC.
