CAMPBELL SHAWN 4

What Happened

• Shawn Campbell, Chief Financial Officer of Dakota Gold Corp. (DC), received 48,618 shares on Feb 27, 2026 through settlement/conversion of vested performance stock units (PSUs) and sold 21,207 of those shares in an open-market sale to cover tax withholding obligations. The sale generated approximately $148,771 in gross proceeds.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 2, 2026.
• Conversion/settlement: 14,947 + 19,811 + 13,860 = 48,618 shares converted from vested PSUs (recorded as derivative exercises/settlements at $0.00).
• Sale: 21,207 shares sold on the open market at a weighted average price of $7.02, total proceeds ~$148,771; sale prices ranged from $7.01 to $7.0302 (sold solely to satisfy tax withholding).
• Net impact: Based on the reported conversion and withholding sale, Campbell retained a net of 27,411 shares (48,618 converted − 21,207 sold), per the filing data.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: PSUs were originally granted in 2023 (53,381), 2024 (70,755), and 2025 (49,504); approximately one‑third of each grant vested in 2026 at 84% of target and were settled on Feb 27, 2026.
• Filing timeliness: Form filed March 2, 2026 reporting transactions on Feb 27, 2026 (appears timely based on dates provided).

Context

• These transactions reflect settlement of performance-based awards (PSUs), not a market purchase. The subsequent open-market sale was described as solely to cover tax withholding, a common administrative step when restricted or performance awards vest.
• Because the sale was to satisfy taxes, it is generally considered routine rather than an expression of bearish sentiment; purchases by insiders are often given more weight by investors.