Dakota Gold (DC) director sells 15,511 shares under 10b5-1 plan

Rhea-AI Filing Summary

Dakota Gold Corp. director Jennifer S. Grafton sold 15,511 shares of common stock on May 18, 2026 in an open-market transaction at a weighted average price of $5.56 per share, executed through multiple trades between $5.560 and $5.575. The sales were made under a Rule 10b5-1 trading plan adopted on January 12, 2026, and she now directly holds 144,560 shares of Dakota Gold common stock.

Insider Trade Summary 10b5-1

Net Seller: 15,511 shares ($86,241)

Net Sell 1 txn

Insider Grafton Jennifer S

Role null

Sold 15,511 shs ($86K)

Type	Security	Shares	Price	Value
Sale	COMMON STOCK	15,511	$5.56	$86K

Holdings After Transaction: COMMON STOCK — 144,560 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 15,511 shares Weighted average price: $5.56 per share Post-transaction holdings: 144,560 shares +2 more

5 metrics

Shares sold 15,511 shares Open-market sale on May 18, 2026

Weighted average price $5.56 per share Common stock sale on May 18, 2026

Post-transaction holdings 144,560 shares Shares directly owned after sale

Price range of trades $5.560–$5.575 per share Multiple sale executions on May 18, 2026

Plan adoption date January 12, 2026 Rule 10b5-1 trading plan adoption

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, Form 4, open-market sale

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 12, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sale price financial

"Represents shares of common stock sold at a weighted average sale price of $5.56 per share."

Form 4 regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 12, 2026."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Grafton Jennifer S

(Last) (First) (Middle)

C/O DAKOTA GOLD CORP.

106 GLENDALE DRIVE, SUITE 1

(Street)

LEAD SOUTH DAKOTA 57754

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	05/18/2026		S		15,511	D	$5.56	144,560	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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 12, 2026. Represents shares of common stock sold at a weighted average sale price of $5.56 per share. These shares were sold in multiple transactions at prices ranging from $5.560 to $5.575. 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 shares of common stock sold at each separate price.

Remarks:

Exhibit 24.1 - Power of Attorney

	/S/ SHAWN CAMPBELL, BY POWER OF ATTORNEY	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Dakota Gold (DC) report for Jennifer S. Grafton?

Dakota Gold reported that director Jennifer S. Grafton sold 15,511 shares of common stock in an open-market transaction. The sale occurred on May 18, 2026, and was reported on Form 4 as a routine insider trading disclosure for existing shareholders.

At what price did Jennifer S. Grafton sell Dakota Gold (DC) shares?

Jennifer S. Grafton sold Dakota Gold common shares at a weighted average price of $5.56 per share. The Form 4 notes that individual trades occurred between $5.560 and $5.575, reflecting several executions around the same price level on that date.

How many Dakota Gold (DC) shares does Jennifer S. Grafton hold after the sale?

After the reported sale, Jennifer S. Grafton directly holds 144,560 shares of Dakota Gold common stock. This post-transaction holding figure is disclosed in the Form 4 and helps investors understand the remaining equity stake of this company director.

Was the Dakota Gold (DC) insider sale made under a Rule 10b5-1 plan?

Yes. The Form 4 states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on January 12, 2026. Such plans prearrange trades, indicating these transactions were scheduled in advance rather than timed discretionarily by the insider.

What does the weighted average sale price mean in the Dakota Gold (DC) Form 4?

The weighted average sale price of $5.56 per share reflects several trades executed between $5.560 and $5.575. The Form 4 notes that detailed trade-by-trade pricing is available upon request from the SEC staff, the issuer, or any Dakota Gold security holder.