Sec Form 4 Filing - Berry James McCoy @ Dakota Gold Corp. - 2025-03-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Berry James McCoy
2. Issuer Name and Ticker or Trading Symbol
Dakota Gold Corp. [ DC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VICE PRESIDENT OF EXPLORATION
(Last) (First) (Middle)
C/O DAKOTA GOLD CORP., 106 GLENDALE DRIVE, SUITE 1
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2025
(Street)
LEAD, SD57754
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 STOCK ( 1 ) 03/01/2025 M 6,762 A 280,514 D
COMMON STOCK ( 2 ) 03/01/2025 F 1,886 D $ 3.03 278,628 D
COMMON STOCK ( 3 ) 03/01/2025 M 14,394 A 293,022 D
COMMON STOCK ( 4 ) 03/01/2025 F 4,014 D $ 3.03 289,008 D
COMMON STOCK ( 5 ) 03/01/2025 M 19,079 A 308,087 D
COMMON STOCK ( 6 ) 03/01/2025 F 5,320 D $ 3.03 302,767 D
COMMON STOCK ( 7 ) 03/01/2025 F 2,894 D $ 3.03 299,873 D
COMMON STOCK ( 8 ) 03/01/2025 F 3,836 D $ 3.03 296,037 D
COMMON STOCK ( 9 ) 03/01/2025 A 5,224 A $ 0 301,261 D
COMMON STOCK ( 10 ) 03/01/2025 A 28,877 A $ 0 330,138 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
PERFORMANCE STOCK UNITS ( 1 ) 03/01/2025 M 6,762 ( 1 ) ( 1 ) COMMON STOCK 6,762 $ 0 0 D
PERFORMANCE STOCK UNITS ( 3 ) 03/01/2025 M 14,394 ( 2 ) ( 2 ) COMMON STOCK 14,394 $ 0 20,760 D
PERFORMANCE STOCK UNITS ( 5 ) 03/01/2025 M 19,079 ( 3 ) ( 3 ) COMMON STOCK 19,079 $ 0 55,032 D
PERFORMANCE STOCK UNITS ( 11 ) 03/01/2025 A 57,755 ( 4 ) ( 4 ) COMMON STOCK 57,755 $ 0 57,755 D
STOCK OPTIONS $ 3.03 03/01/2025 A 58,495 03/01/2026( 12 ) 03/01/2030 COMMON STOCK 58,495 $ 0 58,495 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Berry James McCoy
C/O DAKOTA GOLD CORP.
106 GLENDALE DRIVE, SUITE 1
LEAD, SD57754
VICE PRESIDENT OF EXPLORATION
Signatures
/S/ SHAWN CAMBELL, BY POWER OF ATTORNEY 03/05/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person was previously granted 29,255 performance stock units ("PSUs") on September 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"). One-third of such PSUs vested in 2024 at 69% of the target number of shares, were settled on March 1, 2025 and were converted into 6,762 shares of common stock. Upon settlement, 1,886 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 4,876 shares of common stock.
( 2 )Represents shares of common stock withheld by the Issuer 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, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
( 3 )The Reporting Person was previously granted 29,255 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. One-third of such PSUs vested in 2024 at 69% of the target number of shares, were settled on March 1, 2025 and were converted into 14,394 shares of common stock. Upon settlement, 4,014 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 10,380 shares of common stock.
( 4 )Represents shares of common stock withheld by the Issuer 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, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
( 5 )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. One-third of such PSUs vested in 2024 at 69% of the target number of shares, were settled on March 1, 2025 and were converted into 19,079 shares of common stock. Upon settlement, 5,320 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 13,759 shares of common stock.
( 6 )Represents shares of common stock withheld by the Issuer 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, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
( 7 )Represents shares of common stock withheld by the Issuer solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested restricted stock units ("RSUs") into shares of common stock upon settlement by the Issuer, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
( 8 )Represents shares of common stock withheld by the Issuer solely for the purpose of satisfying tax withholding obligations in connection with the conversion of the vested RSUs into shares of common stock upon settlement by the Issuer, based on a closing price of $3.03 per share of the common stock on February 28, 2025 on the NYSE American.
( 9 )Represents shares of common stock granted to the Reporting Person pursuant to the Issuers 2022 Stock Incentive Plan.
( 10 )Represents RSUs granted pursuant to the Issuer???s 2022 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer???s common stock. The RSUs are scheduled to vest in three equal tranches on March 1, 2026, March 1, 2027 and March 1, 2028.
( 11 )Each PSU represents a contingent right to receive one share of the Issuer???s common stock, 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. The PSUs are scheduled to vest in three equal tranches in 2026, 2027 and 2028.
( 12 )The options are scheduled to vest in three equal tranches on March 1, 2026, March 1, 2027 and March 1, 2028.

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).

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