Berry James McCoy 4
4 · Dakota Gold Corp. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Dakota Gold (DC) VP James McCoy Exercises Options, Sells Shares
What Happened
- James McCoy, Vice President of Exploration at Dakota Gold (DC), exercised 300,000 stock options on Feb 27, 2026 (exercise price $4.64) and received 56,720 shares from vested performance stock units (PSUs). He paid $1,392,000 to exercise the options.
- To cover the exercise price and tax withholding, the issuer withheld 226,568 shares (valued at $6.87 per share, $1,556,522) and McCoy sold an additional 12,388 shares in the open market at a weighted average price of $7.02 for proceeds of $87,012. Combined share-withholding and sales to cover taxes/exercise amounted to ~$1,643,534.
- In net terms, McCoy acquired/kept about 117,764 shares from these transactions (300,000 options + 56,720 PSU shares − 226,568 withheld − 12,388 sold = 117,764).
Key Details
- Transaction date: February 27, 2026; filing date: March 2, 2026 (timely filing).
- Option exercise: 300,000 shares at $4.64 per share (total paid $1,392,000).
- PSU settlements: 56,720 shares converted from vested PSUs (from three prior PSU grants; vested at 84% of target).
- Shares disposed to cover obligations: 226,568 shares withheld at $6.87 (value $1,556,522) + 12,388 shares sold at $7.01–$7.035 (weighted $7.02; proceeds $87,012).
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: PSU vesting details and that withheld/sold shares were solely to satisfy exercise price and tax withholding. The filing indicates withholding/sales were routine tax/exercise settlements, not standalone market purchases or sales for investment purposes.
Context
- These transactions combine option exercise and PSU settlement with share withholding and an open-market sale to meet tax and exercise obligations (a common cashless/net exercise pattern). The reported sales were for taxes/withholding, not necessarily a signal of intent to reduce holdings for investment reasons.
- For retail investors: exercises and awards show insiders converting compensation into company stock; the material action here was exercising 300,000 options and receiving PSU shares, with most of those shares used to satisfy tax/price obligations.
Insider Transaction Report
Form 4
Berry James McCoy
VICE PRESIDENT OF EXPLORATION
Transactions
- Exercise/Conversion
COMMON STOCK
[F1]2026-02-27+17,438→ 344,854 total - Exercise/Conversion
COMMON STOCK
[F2]2026-02-27+23,112→ 367,966 total - Exercise/Conversion
COMMON STOCK
[F3]2026-02-27+16,170→ 384,136 total - Sale
COMMON STOCK
[F4]2026-02-27$7.02/sh−12,388$87,012→ 371,748 total - Exercise/Conversion
COMMON STOCK
2026-02-27$4.64/sh+300,000$1,392,000→ 671,748 total - Tax Payment
COMMON STOCK
[F5]2026-02-27$6.87/sh−226,568$1,556,522→ 445,180 total - Exercise/Conversion
PERFORMANCE SHARE UNITS
[F1]2026-02-27−17,438→ 0 total→ COMMON SHARES (17,438 underlying) - Exercise/Conversion
PERFORMANCE SHARE UNITS
[F2]2026-02-27−23,112→ 27,515 total→ COMMON SHARES (23,112 underlying) - Exercise/Conversion
PERFORMANCE SHARE UNITS
[F3]2026-02-27−16,170→ 38,504 total→ COMMON SHARES (16,170 underlying) - Exercise/Conversion
STOCK OPTIONS
2026-02-27−300,000→ 0 totalExercise: $4.64From: 2021-05-17Exp: 2026-10-18→ COMMON SHARES (300,000 underlying)
Footnotes (5)
- [F1]The Reporting Person was previously granted 62,278 performance stock units ("PSUs") on March 1, 2023, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 17,438 shares of common stock.
- [F2]The Reporting Person was previously granted 82,547 PSUs on March 1, 2024, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS Index. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 23,112 shares of common stock.
- [F3]The Reporting Person was previously granted 57,755 PSUs on March 1, 2024, which can vest between 0% - 200% of the target number of shares, based on relative total stockholder return of the Issuer as compared to the MVIS Index. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 16,170 shares of common stock.
- [F4]Represents shares of common stock sold by the Reporting Person on February 27, 2026 solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested PSUs into shares of common stock upon settlement by the Issuer. Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $7.0101 to $7.035. 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 common shares sold at each separate price.
- [F5]Represents shares of common stock withheld by the Issuer solely for the purposes of (i) paying the exercise price of the stock options and (ii) satisfying tax withholding obligations in connection with the conversion of the stock options into shares of common stock upon settlement by the Issuer, each based on a closing price of $6.87 per share of the common stock on February 27, 2026 on the NYSE American LLC.
Signature
/S/ SHAWN CAMBELL, BY POWER OF ATTORNEY|2026-03-02