SCHROEDER ALICE D. 4

What Happened
Alice D. Schroeder, a director of Dakota Gold Corp. (DC), exercised in‑the‑money derivative awards on 2026-03-13. She acquired 9,018 common shares by paying $2.08 per share (total cash paid $18,757). The filing also reports the related derivative instrument was disposed (reported at $0), reflecting the cancellation/conversion of the option upon exercise.

Key Details

• Transaction date: 2026-03-13
• Acquired: 9,018 shares at $2.08 each — total cash paid $18,757
• Disposed (derivative): 9,018 units at $0.00 (reflects option/derivative cancellation on exercise)
• Filing date / SEC accession: Filed 2026-03-17 (within required 2 business days for a Form 4)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Remark: Exhibit 24.1 — Power of Attorney included

Context
This was an options exercise (insider paid the strike price to receive shares). The paired “disposed” derivative line is a standard reporting method showing the option was surrendered/cancelled upon exercise; it does not indicate a market sale of the newly acquired shares. Exercises are purchases (insider acquires equity) and are often noted by investors, but filings do not state the insider’s motives.