Puil Kevin 4

What Happened

• Kevin Puil, a director of Dakota Gold Corp. (DC), exercised in-the-money derivative rights on 2026-01-26 to acquire 18,037 shares by paying $2.08 per share ($37,517 total).
• The same filing includes an offsetting derivative disposition entry for 18,037 shares at $0.00, indicating those shares were simultaneously settled or disposed as part of the exercise/settlement process. The exercise represents an acquisition, while the paired disposition indicates the shares were not held long-term by the insider in this reporting event.

Key Details

• Transaction date: 2026-01-26.
• Exercise/acquisition: 18,037 shares at $2.08 per share = $37,517 total (transaction code X — exercise).
• Disposition entry: 18,037 shares at $0.00 (derivative/settlement entry) recorded same day.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Report filed with SEC on 2026-01-26 (no late-file indication).
• Notable: The filing shows an exercise and an immediate corresponding disposition/settlement; common reasons include cashless exercise or net share settlement to cover exercise cost or tax withholding.

Context

• When options are exercised and the same number of shares are concurrently reported as disposed at $0.00, it often reflects a cashless exercise or net settlement where shares are used to cover exercise costs or taxes rather than being retained. This filing does not, by itself, indicate a long-term buy or sell decision.
• Kevin Puil is reported as a director; the form does not indicate 10% owner status.