CAMPBELL SHAWN 4

What Happened

• Shawn Campbell, Chief Financial Officer of Dakota Gold Corp. (DC), sold 55,000 shares in an open-market transaction on 2026-01-21 for total proceeds of $346,291 (weighted average $6.30 per share; individual sale prices ranged $6.225–$6.44).
• On 2026-01-23 he exercised in-the-money derivative(s) that show: 117,245 shares acquired at $2.08 per share (total $243,870) and a simultaneous disposition of 117,245 shares reported at $0 (derivative). The paired acquisition and $0 disposition reflect a derivative/settlement reporting detail rather than a straightforward market sale.

Key Details

• Transaction dates: 2026-01-21 (sale), 2026-01-23 (exercise/derivative settlement).
• Sale: 55,000 shares; weighted avg price $6.30; total $346,291. Footnote F1: sales occurred in multiple executions at $6.225–$6.44; issuer/SEC/stakeholders can request full per-trade breakdown.
• Exercise: 117,245 shares acquired at $2.08 each; cash value $243,870. Same number of shares also reported disposed at $0 (derivative reporting).
• Shares owned after transactions: Not specified in the provided filing.
• Filing timeliness: Report covers 2026-01-21 and was filed 2026-01-23 — within the typical 2-business-day Form 4 window (timely).
• Codes: S = Sale; X = Exercise of a derivative/security (options).

Context

• The exercise shows acquisition of shares via options/derivatives; the simultaneous $0 disposition commonly reflects net or cashless settlement (shares withheld or surrendered to cover exercise cost/taxes) or other derivative settlement mechanics — the filing does not spell out the settlement mechanism.
• Sales are often routine; exercises convert option rights into shares. The filing provides facts but does not state motivation.