QUARTERMAIN ROBERT 4

What Happened
Robert Quartermain, CEO of Dakota Gold Corp. (DC), exercised in‑the‑money derivative instruments on 2026-01-29 to acquire 541,133 shares at $2.08 per share, paying $1,125,557 in total. The same filing also reports a simultaneous disposition of 541,133 derivative securities at $0.00, reflecting settlement of the derivative instrument reported on the Form 4.

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-01-30 (filing appears timely).
• Acquisition: 541,133 shares at $2.08 each; total cash paid $1,125,557.
• Disposition: 541,133 derivative securities reported disposed at $0.00 (instrument settlement).
• Shares owned after transaction: Not specified in the provided excerpt.
• No 10b5-1 plan, tax‑withholding detail, or 10%‑owner designation was shown in the supplied data.

Context
This was an options/derivative exercise (insider converted a derivative into common shares). The matching disposition line in the filing indicates the derivative instrument was settled as part of the transaction; the Form 4 does not show an open‑market sale of the acquired shares. Exercises are common when options vest or are in‑the‑money; they reflect conversion into stock rather than an independent cash purchase on the open market.