Dakota Gold Corp. — Director's Dealing 2023

Mar 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dakota Gold Corp. (DC)
CIK: 0001852353
Period of Report: 2023-03-01

Reporting Person: Berry James McCoy (Vice-President of Exploration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-01	Common Stock	M	8325	—	Acquired	162395	Direct
2023-03-01	Common Stock	F	2642	$2.81	Disposed	159753	Direct
2023-03-01	Common Stock	A	31139	—	Acquired	190892	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-01	Performance Stock Units	$	M	9752	Disposed		Common Stock (9752)	Direct
2023-03-01	Stock Options	$2.81	A	63111	Acquired	2028-03-01	Common Stock (63111)	Direct
2023-03-01	Performance Share Units	$	A	62278	Acquired		Common Stock (62278)	Direct

Footnotes

F1: The Reporting Person was previously granted 29,255 performance stock units ("PSUs"), which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of Dakota Gold Corp. as compared to the MVIS Global Junior Gold Miners Index. One third of such PSUs vested in 2023 at 85% of the target number of shares, were settled on March 1, 2023 and were converted into 5,683 shares of Common Stock, which is net of shares of Common Stock withheld for taxes due on such conversion.

F2: Represents net settlement for taxes due in connection with the conversion of the vested PSUs into shares of Common Stock upon settlement by the Issuer, based on a closing price of $2.81 per share of the Common Stock on February 28, 2023 on the NYSE American.

F3: Represents restricted stock units ("RSU"). Each RSU represents a contingent right to receive one share of Dakota Gold Corp. common stock. The RSUs are scheduled to vest in three equal tranches on March 1, 2024, March 1, 2025 and March 1, 2026.

F4: The options are scheduled to vest in three equal tranches on March 1, 2024, March 1, 2025 and March 1, 2026.

F5: Each PSU represents a contingent right to receive one share of Dakota Gold Corp. common stock, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of Dakota Gold Corp. as compared to the MVIS Global Junior Gold Miners Index. The PSUs are scheduled to vest in three equal tranches in 2024, 2025 and 2026.