[Form 4] DORCHESTER MINERALS, L.P. Insider Trading Activity

Rhea-AI Filing Summary

Dorchester Minerals, L.P. (DMLP)$21.26 per unit through an indirect holding. On 11/26/2025, he acquired an additional 2,487 common units at $21.6 per unit, also reported as an indirect holding. Following these transactions, 121,197 common units are reported as indirectly owned and 15,192 common units are reported as directly owned.

11/26/2025 - 02:55 PM

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
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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^*

EHRMAN BRADLEY J

(Last) (First) (Middle)

3838 OAK LAWN AVE

SUITE 300

(Street)

DALLAS TX 75219

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DORCHESTER MINERALS, L.P. [ DMLP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

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 Units	11/25/2025		P		1,000	A	$21.26	118,710	I(1)	.
Common Units	11/26/2025		P		2,487	A	$21.6	121,197	I(1)	.
Common Units								15,192	D(2)

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. These common units are held by Quiscalus Ventures, LLC, in which Mr. Ehrman is the sole member.

2. These common units are held by Mr. Ehrman in his individual name, IRA or Keogh Plan.

	/s/ Bradley J. Ehrman	11/26/2025
	** 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.

FAQ

What insider transaction did DMLP disclose for Bradley J. Ehrman?

Dorchester Minerals, L.P. disclosed that Chief Executive Officer Bradley J. Ehrman reported purchases of the company’s common units on 11/25/2025 and 11/26/2025.

How many DMLP common units did the CEO buy and at what prices?

On 11/25/2025 he acquired 1,000 common units at $21.26 per unit, and on 11/26/2025 he acquired 2,487 common units at $21.6 per unit.

How many DMLP units does Bradley J. Ehrman own after these transactions?

After the reported purchases, 121,197 common units are reported as indirectly owned and 15,192 common units are reported as directly owned.

In what capacity is Bradley J. Ehrman related to Dorchester Minerals, L.P. (DMLP)?

Bradley J. Ehrman is an officer of Dorchester Minerals, L.P., serving as its Chief Executive Officer.

How are Bradley J. Ehrman’s indirect DMLP holdings structured?

The filing states that certain common units are held by Quiscalus Ventures, LLC, in which Bradley J. Ehrman is the sole member.

What does the Form 4 say about Bradley J. Ehrman’s direct DMLP holdings?

The filing notes that some common units are held by Bradley J. Ehrman in his individual name, IRA or Keogh Plan.