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Dakota Gold Corp.

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Tapewire entity
5130
SEC CIK
0001852353
Parsed reports
158

Last 12 months

Inside the activity.

1 purchase rows · 8 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202500
Jan 202602
Feb 202602
Mar 202600
Apr 202601
May 202611
Jun 202600
Jul 202600
Aug 202601
Sep 202601
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
February 27, 2026 Filed Mar 3, 2026 00:00 UTC
Berry James McCoyVICE PRESIDENT OF EXPLORATION
Exercise / conversionCOMMON STOCK 17,438 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-26-022402 · tm267700-2_4seq1.xml · nonDerivative · entry 1

Berry James McCoy · CIK 0001891506 · VICE PRESIDENT OF EXPLORATION

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 344,854

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The Reporting Person was previously granted 62,278 performance stock units ("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 Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 17,438 shares of common stock.

F1 · price: The Reporting Person was previously granted 62,278 performance stock units ("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 Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 17,438 shares of common stock.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:55 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionPERFORMANCE SHARE UNITS · Derivative 13,860 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-022312 · tm267700-1_4seq1.xml · derivative · entry 8

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,002

Underlying: COMMON SHARES · 13,860 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: The Reporting Person was previously granted 49,504 PSUs on March 1, 2025, 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 13,860 shares of common stock.

F3 · derivative.exercise_date: The Reporting Person was previously granted 49,504 PSUs on March 1, 2025, 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 13,860 shares of common stock.

F3 · derivative.expiration_date: The Reporting Person was previously granted 49,504 PSUs on March 1, 2025, 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 13,860 shares of common stock.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:55 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionPERFORMANCE SHARE UNITS · Derivative 19,811 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-022312 · tm267700-1_4seq1.xml · derivative · entry 7

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,585

Underlying: COMMON SHARES · 19,811 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: The Reporting Person was previously granted 70,755 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 19,811 shares of common stock.

F2 · derivative.exercise_date: The Reporting Person was previously granted 70,755 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 19,811 shares of common stock.

F2 · derivative.expiration_date: The Reporting Person was previously granted 70,755 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 19,811 shares of common stock.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:55 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionPERFORMANCE SHARE UNITS · Derivative 14,947 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-022312 · tm267700-1_4seq1.xml · derivative · entry 6

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: COMMON SHARES · 14,947 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The Reporting Person was previously granted 53,381 performance stock units ("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 Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 14,947 shares of common stock.

F1 · derivative.exercise_date: The Reporting Person was previously granted 53,381 performance stock units ("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 Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 14,947 shares of common stock.

F1 · derivative.expiration_date: The Reporting Person was previously granted 53,381 performance stock units ("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 Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 14,947 shares of common stock.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:55 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
SaleCOMMON STOCK 21,207 $7.02 $148,771.35
Disclosure

SEC source: 0001104659-26-022312 · tm267700-1_4seq1.xml · nonDerivative · entry 4

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 231,526

F4 · security: Represents shares of common stock sold by the Reporting Person on February 27, 2026 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. Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $7.01 to $7.0302. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of common shares sold at each separate price.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:55 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionCOMMON STOCK 13,860 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-26-022312 · tm267700-1_4seq1.xml · nonDerivative · entry 3

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 252,733

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: The Reporting Person was previously granted 49,504 PSUs on March 1, 2025, 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 13,860 shares of common stock.

F3 · price: The Reporting Person was previously granted 49,504 PSUs on March 1, 2025, 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 13,860 shares of common stock.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:55 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionCOMMON STOCK 19,811 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-26-022312 · tm267700-1_4seq1.xml · nonDerivative · entry 2

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 238,873

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · security: The Reporting Person was previously granted 70,755 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 19,811 shares of common stock.

F2 · price: The Reporting Person was previously granted 70,755 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. Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 19,811 shares of common stock.

Read SEC document
February 27, 2026 Filed Mar 2, 2026 21:55 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionCOMMON STOCK 14,947 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-26-022312 · tm267700-1_4seq1.xml · nonDerivative · entry 1

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 219,062

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The Reporting Person was previously granted 53,381 performance stock units ("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 Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 14,947 shares of common stock.

F1 · price: The Reporting Person was previously granted 53,381 performance stock units ("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 Global Junior Gold Miners Index (the "MVIS Index"). Approximately one-third of such PSUs vested in 2026 at 84% of the target number of shares, were settled on February 27, 2026 and were converted into 14,947 shares of common stock.

Read SEC document
January 29, 2026 Filed Jan 30, 2026 19:34 UTC
QUARTERMAIN ROBERTDirector · CHIEF EXECUTIVE OFFICER
OtherWARRANTS · Derivative 541,133 $0.00 Strike: $2.08 $0.00
Disclosure

SEC source: 0001104659-26-008549 · tm264592-1_4seq1.xml · derivative · entry 2

QUARTERMAIN ROBERT · CIK 0001238270 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: COMMON STOCK · 541,133 shares

Expires 2026-03-15

Read SEC document
January 29, 2026 Filed Jan 30, 2026 19:34 UTC
QUARTERMAIN ROBERTDirector · CHIEF EXECUTIVE OFFICER
OtherCOMMON STOCK 541,133 $2.08 $1,125,556.64
Disclosure

SEC source: 0001104659-26-008549 · tm264592-1_4seq1.xml · nonDerivative · entry 1

QUARTERMAIN ROBERT · CIK 0001238270 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,034,377

Read SEC document
January 26, 2026 Filed Jan 27, 2026 02:00 UTC
Puil KevinDirector
OtherWARRANTS · Derivative 18,037 $0.00 Strike: $2.08 $0.00
Disclosure

SEC source: 0001104659-26-006741 · tm264142-1_4seq1.xml · derivative · entry 2

Puil Kevin · CIK 0002071603 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: COMMON STOCK · 18,037 shares

Expires 2026-03-15

Read SEC document
January 26, 2026 Filed Jan 27, 2026 02:00 UTC
Puil KevinDirector
OtherCOMMON STOCK 18,037 $2.08 $37,516.96
Disclosure

SEC source: 0001104659-26-006741 · tm264142-1_4seq1.xml · nonDerivative · entry 1

Puil Kevin · CIK 0002071603 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 143,037

Read SEC document
January 23, 2026 Filed Jan 24, 2026 01:24 UTC
QUARTERMAIN ROBERTDirector · CHIEF EXECUTIVE OFFICER
SaleCOMMON STOCK 250,000 $6.88 $1,720,875.00
Disclosure

SEC source: 0001104659-26-006337 · tm264000-1_4seq1.xml · nonDerivative · entry 1

QUARTERMAIN ROBERT · CIK 0001238270 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,493,244

F1 · price: Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.76 to $7.00. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares of common stock sold at each separate price.

Read SEC document
January 23, 2026 Filed Jan 24, 2026 00:03 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
OtherWARRANTS · Derivative 117,245 $0.00 Strike: $2.08 $0.00
Disclosure

SEC source: 0001104659-26-006333 · tm263990-1_4seq1.xml · derivative · entry 4

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Indirect · HELD BY SPOUSE

Disclosed balance after: 0

Underlying: COMMON SHARES · 117,245 shares

Expires 2026-03-15

Read SEC document
January 23, 2026 Filed Jan 24, 2026 00:03 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
OtherCOMMON STOCK 117,245 $2.08 $243,869.60
Disclosure

SEC source: 0001104659-26-006333 · tm263990-1_4seq1.xml · nonDerivative · entry 2

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Indirect · HELD BY SPOUSE

Disclosed balance after: 296,736

Read SEC document
January 21, 2026 Filed Jan 24, 2026 00:03 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
SaleCOMMON STOCK 55,000 $6.30 $346,291.00
Disclosure

SEC source: 0001104659-26-006333 · tm263990-1_4seq1.xml · nonDerivative · entry 1

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Indirect · HELD BY SPOUSE

Disclosed balance after: 179,491

F1 · price: Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.225 to $6.44. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares of common stock sold at each separate price.

Read SEC document
January 20, 2026 Filed Jan 23, 2026 22:23 UTC
Koenig AmySVP, CLO, and Corp. Sec'y
Exercise / conversionStock Options · Derivative 100,000 $0.00 Strike: $5.09 $0.00
Disclosure

SEC source: 0001882418-26-000001 · primary_doc.xml · derivative · entry 3

Koenig Amy · CIK 0001882418 · SVP, CLO, and Corp. Sec'y

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: COMMON STOCK · 100,000 shares

Expires 2026-09-13

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
January 20, 2026 Filed Jan 23, 2026 22:23 UTC
Koenig AmySVP, CLO, and Corp. Sec'y
Tax withholdingCommon Stock 85,952 $6.36 $546,654.72
Disclosure

SEC source: 0001882418-26-000001 · primary_doc.xml · nonDerivative · entry 2

Koenig Amy · CIK 0001882418 · SVP, CLO, and Corp. Sec'y

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 243,094

F1 · shares: (1) Represents shares of common stock withheld by the Issuer solely for the purposes of (i) paying the exercise price of the stock options and (ii) satisfying tax withholding obligations in connection with the conversion of the stock options into shares of common stock upon settlement by the Issuer, each based on a closing price of $6.36 per share of the common stock on January 20, 2026 on the NYSE American.

Read SEC document
January 20, 2026 Filed Jan 23, 2026 22:23 UTC
Koenig AmySVP, CLO, and Corp. Sec'y
Exercise / conversionCommon Stock 100,000 $5.09 $509,000.00
Disclosure

SEC source: 0001882418-26-000001 · primary_doc.xml · nonDerivative · entry 1

Koenig Amy · CIK 0001882418 · SVP, CLO, and Corp. Sec'y

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 329,046

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 20, 2025 Filed Oct 20, 2025 21:53 UTC SaleCOMMON STOCK 50,000 $4.66 $233,245.00
Disclosure

SEC source: 0001062993-25-016219 · form4.xml · nonDerivative · entry 3

O'Rourke Stephen T. · CIK 0001816004 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 918,199

F2 · price: Reflects a weighted average purchase price. These shares were sold in multiple transactions at prices ranging from $4.6500 to $4.7600. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of common shares sold at each separate price.

Read SEC document
October 17, 2025 Filed Oct 20, 2025 21:53 UTC SaleCOMMON STOCK 50,000 $4.77 $238,565.00
Disclosure

SEC source: 0001062993-25-016219 · form4.xml · nonDerivative · entry 2

O'Rourke Stephen T. · CIK 0001816004 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 968,199

F1 · price: Reflects a weighted average purchase price. These shares were sold in multiple transactions at prices ranging from $4.8597 to $4.7615. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of common shares sold at each separate price.

Read SEC document
October 16, 2025 Filed Oct 20, 2025 21:53 UTC SaleCOMMON STOCK 50,000 $5.34 $266,835.00
Disclosure

SEC source: 0001062993-25-016219 · form4.xml · nonDerivative · entry 1

O'Rourke Stephen T. · CIK 0001816004 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,018,199

Read SEC document
September 08, 2025 Filed Sep 9, 2025 13:00 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
PurchaseCOMMON STOCK 11,261 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-015436 · form4.xml · nonDerivative · entry 1

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 204,115

F1 · security: Represents restricted stock units ("RSUs") granted under 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 September 8, 2026, September 8, 2027 and September 8, 2028.

Read SEC document
September 02, 2025 Filed Sep 3, 2025 23:47 UTC
QUARTERMAIN ROBERTDirector · CEO
GrantSTOCK OPTIONS · Derivative 325,000 $0.00 Strike: $4.17 $0.00
Disclosure

SEC source: 0001062993-25-015290 · form4.xml · derivative · entry 1

QUARTERMAIN ROBERT · CIK 0001238270 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 325,000

Underlying: COMMON STOCK · 325,000 shares

Expires 2030-09-02

F1 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on September 2, 2026, September 2, 2027 and September 2, 2028.

Read SEC document
September 02, 2025 Filed Sep 4, 2025 14:30 UTC GrantCommon Stock 11,990 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-015301 · form4.xml · nonDerivative · entry 1

O'Rourke Stephen T. · CIK 0001816004 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,068,199

F1 · security: Represents restricted stock units ("RSUs") granted under 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 September 2, 2026, September 2, 2027 and September 2, 2028.

Read SEC document
June 01, 2025 Filed Jun 4, 2025 01:24 UTC
Koenig AmySVP, Chief Legal Officer
GrantSTOCK OPTIONS · Derivative 200,000 $0.00 Strike: $3.06 $0.00
Disclosure

SEC source: 0001062993-25-010907 · form4.xml · derivative · entry 2

Koenig Amy · CIK 0001882418 · SVP, Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 200,000

Underlying: COMMON STOCK · 200,000 shares

Expires 2030-06-01

F2 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on June 1, 2026, June 1, 2027 and June 1, 2028.

Read SEC document
June 01, 2025 Filed Jun 4, 2025 01:24 UTC
Koenig AmySVP, Chief Legal Officer
GrantCOMMON STOCK 100,000 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-010907 · form4.xml · nonDerivative · entry 1

Koenig Amy · CIK 0001882418 · SVP, Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 229,046

F1 · security: Represents restricted stock units ("RSUs") granted under 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 June 1, 2026, June 1, 2027 and June 1, 2028.

Read SEC document
June 01, 2025 Filed Jun 12, 2025 20:32 UTC
Henris John WilliamPresident and CEO
GrantSTOCK OPTIONS · Derivative 300,000 $0.00 Strike: $3.06 $0.00
Disclosure

SEC source: 0001062993-25-011550 · form4.xml · derivative · entry 2

Henris John William · CIK 0001839296 · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 300,000

Underlying: COMMON STOCK · 300,000 shares

Expires 2030-06-01

F2 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on June 1, 2026, June 1, 2027 and June 1, 2028.

Read SEC document
June 01, 2025 Filed Jun 12, 2025 20:32 UTC
Henris John WilliamPresident and CEO
GrantCOMMON STOCK 150,000 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-011550 · form4.xml · nonDerivative · entry 1

Henris John William · CIK 0001839296 · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,000

F1 · security: Represents restricted stock units ("RSUs") granted under 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 June 1, 2026, June 1, 2027 and June 1, 2028.

Read SEC document
May 20, 2025 Filed Jun 10, 2025 21:23 UTC
Puil KevinDirector
GrantSTOCK OPTIONS · Derivative 100,000 $0.00 Strike: $2.97 $0.00
Disclosure

SEC source: 0001062993-25-011330 · form4.xml · derivative · entry 1

Puil Kevin · CIK 0002071603 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,000

Underlying: COMMON STOCK · 100,000 shares

Expires 2030-05-20

F1 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on May 20, 2026, May 20, 2027 and May 20, 2028.

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May 20, 2025 Filed Jun 12, 2025 20:47 UTC GrantSTOCK OPTIONS · Derivative 100,000 $0.00 Strike: $2.97 $0.00
Disclosure

SEC source: 0001062993-25-011572 · form4.xml · derivative · entry 1

KENNER TODD J · CIK 0001203760 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,000

Underlying: COMMON STOCK · 100,000 shares

Expires 2030-05-20

F1 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on May 20, 2026, May 20, 2027 and May 20, 2028.

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May 12, 2025 Filed May 14, 2025 22:26 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Tax withholdingCOMMON STOCK 3,704 $3.08 $11,408.32
Disclosure

SEC source: 0001062993-25-009399 · form4.xml · nonDerivative · entry 1

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 192,854

F1 · security: 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 into shares of common stock upon settlement by the Issuer, based on a closing price of $3.08 per share of the common stock on May 9, 2025 on the NYSE American.

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May 12, 2025 Filed May 14, 2025 22:22 UTC
ABERLE GERALD MICHAELCHIEF OPERATING OFFICER
Tax withholdingCOMMON STOCK 3,207 $3.08 $9,877.56
Disclosure

SEC source: 0001062993-25-009397 · form4.xml · nonDerivative · entry 1

ABERLE GERALD MICHAEL · CIK 0001559818 · CHIEF OPERATING OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,461,454

F1 · security: 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 into shares of common stock upon settlement by the Issuer, based on a closing price of $3.08 per share of the common stock on May 9, 2025 on the NYSE American.

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May 12, 2025 Filed May 14, 2025 22:19 UTC
Berry James McCoyVICE PRESIDENT OF EXPLORATION
Tax withholdingCOMMON STOCK 2,722 $3.08 $8,383.76
Disclosure

SEC source: 0001062993-25-009395 · form4.xml · nonDerivative · entry 1

Berry James McCoy · CIK 0001891506 · VICE PRESIDENT OF EXPLORATION

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 327,416

F1 · security: 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 into shares of common stock upon settlement by the Issuer, based on a closing price of $3.08 per share of the common stock on May 9, 2025 on the NYSE American.

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April 24, 2025 Filed Apr 28, 2025 20:26 UTC
Berry James McCoyVICE PRESIDENT OF EXPLORATION
GrantSTOCK OPTIONS · Derivative 75,000 $0.00 Strike: $2.75 $0.00
Disclosure

SEC source: 0001062993-25-008125 · form4.xml · derivative · entry 1

Berry James McCoy · CIK 0001891506 · VICE PRESIDENT OF EXPLORATION

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 75,000

Underlying: COMMON STOCK · 75,000 shares

Expires 2030-04-24

F1 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on April 24, 2026, April 24, 2027 and April 24, 2028.

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April 24, 2025 Filed Apr 28, 2025 20:26 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
GrantSTOCK OPTIONS · Derivative 75,000 $0.00 Strike: $2.75 $0.00
Disclosure

SEC source: 0001062993-25-008124 · form4.xml · derivative · entry 1

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 75,000

Underlying: COMMON STOCK · 75,000 shares

Expires 2030-04-24

F1 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on April 24, 2026, April 24, 2027 and April 24, 2028.

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April 04, 2025 Filed Apr 4, 2025 21:08 UTC
QUARTERMAIN ROBERTDirector · PRESIDENT AND CEO
PurchaseCOMMON STOCK 15,000 $2.50 $37,500.00
Disclosure

SEC source: 0001062993-25-007114 · form4.xml · nonDerivative · entry 3

QUARTERMAIN ROBERT · CIK 0001238270 · Director · PRESIDENT AND CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: Not disclosed

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April 03, 2025 Filed Apr 4, 2025 21:08 UTC
QUARTERMAIN ROBERTDirector · PRESIDENT AND CEO
PurchaseCOMMON STOCK 25,000 $2.61 $65,125.00
Disclosure

SEC source: 0001062993-25-007114 · form4.xml · nonDerivative · entry 2

QUARTERMAIN ROBERT · CIK 0001238270 · Director · PRESIDENT AND CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: Not disclosed

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April 02, 2025 Filed Apr 4, 2025 21:08 UTC
QUARTERMAIN ROBERTDirector · PRESIDENT AND CEO
PurchaseCOMMON STOCK 25,000 $2.62 $65,375.00
Disclosure

SEC source: 0001062993-25-007114 · form4.xml · nonDerivative · entry 1

QUARTERMAIN ROBERT · CIK 0001238270 · Director · PRESIDENT AND CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: Not disclosed

F1 · valueOwnedAfter: Due administrative error, the reporting person's balance has been overstated by three shares of common stock. The amount of the reporting person's holdings has been corrected herein.

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March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
GrantSTOCK OPTIONS · Derivative 50,139 $0.00 Strike: $3.03 $0.00
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · derivative · entry 16

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,139

Underlying: COMMON STOCK · 50,139 shares

Expires 2030-03-01

F12 · derivative.exercise_date: The options are scheduled to vest in three equal tranches on March 1, 2026, March 1, 2027 and March 1, 2028.

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March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
GrantPERFORMANCE STOCK UNITS · Derivative 49,504 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · derivative · entry 15

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 49,504

Underlying: COMMON STOCK · 49,504 shares

Expires not disclosed

F11 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: 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.

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March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionPERFORMANCE STOCK UNITS · Derivative 16,354 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · derivative · entry 14

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,170

Underlying: COMMON STOCK · 16,354 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: 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.

F3 · derivative.exercise_date: The Reporting Person was previously granted 53,381 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 12,337 shares of common stock. Upon settlement, 6,601 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 5,736 shares of common stock.

F3 · derivative.expiration_date: The Reporting Person was previously granted 53,381 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 12,337 shares of common stock. Upon settlement, 6,601 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 5,736 shares of common stock.

Read SEC document
March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionPERFORMANCE STOCK UNITS · Derivative 12,337 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · derivative · entry 13

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,795

Underlying: COMMON STOCK · 12,337 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: The Reporting Person was previously granted 53,381 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 12,337 shares of common stock. Upon settlement, 6,601 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 5,736 shares of common stock.

F2 · derivative.exercise_date: 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.

F2 · derivative.expiration_date: 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.

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March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionPERFORMANCE STOCK UNITS · Derivative 4,830 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · derivative · entry 12

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: COMMON STOCK · 4,830 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The Reporting Person was previously granted 20,897 performance stock units ("PSUs") on September 1, 2022, 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 4,830 shares of common stock. Upon settlement, 2,585 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 2,245 shares of common stock.

F1 · derivative.exercise_date: The Reporting Person was previously granted 20,897 performance stock units ("PSUs") on September 1, 2022, 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 4,830 shares of common stock. Upon settlement, 2,585 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 2,245 shares of common stock.

F1 · derivative.expiration_date: The Reporting Person was previously granted 20,897 performance stock units ("PSUs") on September 1, 2022, 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 4,830 shares of common stock. Upon settlement, 2,585 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 2,245 shares of common stock.

Read SEC document
March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
GrantCOMMON STOCK 24,752 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · nonDerivative · entry 10

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 196,558

F10 · security: 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.

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March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
GrantCOMMON STOCK 3,452 $0.00 $0.00
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · nonDerivative · entry 9

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 171,806

F9 · security: Represents shares of common stock granted to the Reporting Person pursuant to the Issuers 2022 Stock Incentive Plan.

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March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Tax withholdingCOMMON STOCK 6,309 $3.03 $19,116.27
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · nonDerivative · entry 8

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 168,354

F8 · security: 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.

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March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Tax withholdingCOMMON STOCK 4,760 $3.03 $14,422.80
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · nonDerivative · entry 7

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 174,663

F7 · security: 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.

Read SEC document
March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Tax withholdingCOMMON STOCK 8,750 $3.03 $26,512.50
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · nonDerivative · entry 6

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 179,423

F6 · security: 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.

Read SEC document
March 01, 2025 Filed Mar 6, 2025 01:13 UTC
CAMPBELL SHAWNCHIEF FINANCIAL OFFICER
Exercise / conversionCOMMON STOCK 16,354 Not disclosed Not disclosed
Disclosure

SEC source: 0001062993-25-004710 · form4.xml · nonDerivative · entry 5

CAMPBELL SHAWN · CIK 0001868424 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 188,173

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · security: The Reporting Person was previously granted 70,755 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 16,354 shares of common stock. Upon settlement, 8,750 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 7,604 shares of common stock.

F3 · price: The Reporting Person was previously granted 53,381 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 12,337 shares of common stock. Upon settlement, 6,601 shares of common stock were withheld by the Issuer solely for the purpose of satisfying tax withholding obligations and the Reporting Person received 5,736 shares of common stock.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.