Dakota Gold director exercises 18,037 share warrants

Dakota Gold Corp. director Kevin Puil increased his direct ownership through a warrant exercise.

Rhea-AI Filing Summary

Dakota Gold Corp. director Kevin Puil increased his direct ownership through a warrant exercise. On 01/26/2026, he exercised warrants covering 18,037 shares of common stock at a price of $2.08 per share, converting them into 18,037 shares of Dakota Gold common stock. Following this transaction, he directly owned 143,037 shares of common stock. The corresponding 18,037 warrants, with a stated exercise price of $2.08 and an original expiration date of 03/15/2026, were reduced to zero, reflecting their full exercise.

Insider Trade Summary

18,037 shares exercised/converted

Exercise 2 txns

Insider Puil Kevin

Role Director

Type	Security	Shares	Price	Value
In-the-Money Exercise	WARRANTS	18,037	$0.00	$0.00
In-the-Money Exercise	COMMON STOCK	18,037	$2.08	$38K

Holdings After Transaction: WARRANTS — 0 contracts (Direct); COMMON STOCK — 143,037 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Dakota Gold (DC) report for Kevin Puil?

Dakota Gold reported that director Kevin Puil exercised 18,037 warrants on 01/26/2026, receiving 18,037 shares of common stock.

At what price were the Dakota Gold (DC) shares acquired in this Form 4?

The 18,037 shares of Dakota Gold common stock were acquired at a price of $2.08 per share.

How many Dakota Gold (DC) shares does Kevin Puil own after this transaction?

After the warrant exercise, director Kevin Puil directly owned 143,037 shares of Dakota Gold common stock.

What happened to the 18,037 Dakota Gold (DC) warrants reported in the filing?

The 18,037 warrants, with an exercise price of $2.08 and an expiration date of 03/15/2026, were fully exercised, leaving 0 warrants beneficially owned.

Is Kevin Puil a director or officer of Dakota Gold (DC)?

The Form 4 identifies Kevin Puil as a director of Dakota Gold Corp. and not as an officer or 10% owner.

Is Kevin Puil’s ownership in Dakota Gold (DC) direct or indirect after this Form 4?

The filing shows direct (D) ownership of 143,037 common shares following the reported transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/26/2026 - 09:00 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Puil Kevin

(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)
01/26/2026

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	01/26/2026		X		18,037	A	$2.08	143,037	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
WARRANTS	$2.08	01/26/2026		X			18,037	03/15/2021	03/15/2026	COMMON STOCK	18,037	$0	0	D

Explanation of Responses:

	/S/ SHAWN CAMPBELL, BY POWER OF ATTORNEY	01/26/2026
	** 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.