CFO at Dakota Gold (DC) exercises options and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dakota Gold Corp.'s Chief Financial Officer Shawn Campbell exercised stock options covering 300,000 shares of common stock at an exercise price of $4.76 per share. To fund the option exercise, the issuer withheld 232,573 shares based on a closing price of $6.14 per share, and 18,830 shares were sold at a weighted average price of $6.2201 to satisfy tax withholding obligations. The exercised options, which vested in thirds on May 17, 2021, 2022 and 2023, are now fully exhausted. Campbell also reports 296,736 shares of common stock held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
300,000 shares exercised/converted
Mixed
5 txns
Insider
CAMPBELL SHAWN
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | STOCK OPTIONS | 300,000 | $0.00 | -- |
| Exercise | COMMON STOCK | 300,000 | $4.76 | $1.43M |
| Tax Withholding | COMMON STOCK | 232,573 | $6.14 | $1.43M |
| Tax Withholding | COMMON STOCK | 18,830 | $6.2201 | $117K |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
STOCK OPTIONS — 0 shares (Direct, null);
COMMON STOCK — 560,150 shares (Direct, null);
COMMON STOCK — 296,736 shares (Indirect, HELD BY SPOUSE)
Footnotes (1)
- Represents shares of common stock withheld by the Issuer solely for the purposes of paying the exercise price of the stock options in connection with the conversion of the stock options into shares of common stock upon settlement by the Issuer, based on a closing price of $6.14 per share of the common stock on April 20, 2026 on the NYSE American LLC. Represents shares of common stock sold at a weighted average sale price of $6.2201 per share to satisfy tax withholding obligations in connection with the conversion of the stock options into shares of common stock upon settlement by the Issuer. These shares were sold in multiple transactions at prices ranging from $6.1900 to $6.2450. 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. The options vested one-third on each of May 17, 2021, May 17, 2022, and May 17, 2023.
Key Figures
Options exercised: 300,000 shares
Exercise price: $4.76 per share
Shares withheld for exercise price: 232,573 shares
+4 more
7 metrics
Options exercised
300,000 shares
Common stock options exercised at $4.76 per share on April 20, 2026
Exercise price
$4.76 per share
Conversion of stock options into common stock
Shares withheld for exercise price
232,573 shares
Withheld by issuer at $6.14 closing price to pay option exercise cost
Shares sold for tax withholding
18,830 shares
Sold at $6.2201 weighted average price to satisfy tax obligations
Indirect spouse holdings
296,736 shares
Common stock held indirectly, reported as held by spouse
Tax-withholding shares total
251,403 shares
Combined F-code dispositions linked to option exercise and taxes
Option vesting schedule
One-third per year
Vested on May 17, 2021, 2022 and 2023 before full exercise
Key Terms
stock options, tax withholding obligations, derivative security, weighted average sale price, +1 more
5 terms
stock options financial
"Represents shares of common stock withheld by the Issuer solely for the purposes of paying the exercise price of the stock options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
tax withholding obligations financial
"sold at a weighted average sale price of $6.2201 per share to satisfy tax withholding obligations in connection with the conversion"
derivative security financial
"transaction code description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sale price financial
"shares of common stock sold at a weighted average sale price of $6.2201 per share"
vesting financial
"The options vested one-third on each of May 17, 2021, May 17, 2022, and May 17, 2023."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Dakota Gold (DC) disclose for its CFO?
Dakota Gold disclosed that CFO Shawn Campbell exercised stock options for 300,000 shares of common stock at $4.76 per share. The filing shows this as a routine derivative exercise converting options into shares as part of his compensation arrangements.
How were the 300,000 exercised Dakota Gold (DC) options paid for?
The option exercise was funded by using shares rather than cash. 232,573 shares of common stock were withheld by Dakota Gold to pay the exercise price, based on a $6.14 closing share price on the NYSE American on April 20, 2026.
What happened to the CFO’s Dakota Gold (DC) stock options after this transaction?
The filing shows that the 300,000 stock options, exercisable at $4.76 and originally vesting in thirds from May 17, 2021 to 2023, now have a reported post-transaction balance of 0 options, indicating this grant was fully exercised.
Is the Dakota Gold (DC) CFO’s transaction a typical tax withholding event?
Yes. The Form 4 labels the 18,830-share disposition as a tax-withholding sale and the 232,573-share reduction as shares withheld by the issuer, both connected to settling the stock option exercise rather than discretionary open-market selling.