Leslie A. Moriyama - Dec 15, 2023 Form 4 Insider Report for DORCHESTER MINERALS, L.P. (DMLP)

Signature
/s/ Leslie A. Moriyama
Stock symbol
DMLP
Transactions as of
Dec 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/21/2024, 09:44 PM
Previous filing
Nov 13, 2023
Next filing
May 20, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DMLP Notional Units Award $0 +13.1K $0.00 13.1K Dec 15, 2023 Common Units 13.1K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Notional Units granted on December 15, 2023, pursuant to the Dorchester Minerals Management LP Equity Incentive Program. Each Notional Unit entitles the holder to receive either (i) the number of common units representing limited partnership interests in Dorchester Minerals, L.P. (the "Common Units") equal to the number of Notional Units that become vested or (ii) the cash equivalent at the time of vesting of the number of Common Units equal to the number of Notional Units that become vested. One-third of the Notional Units vest on each anniversary of the date of the award agreement over a three-year period beginning on December 15, 2024. Vested Notional Units are settled within 60 days after the date on which they vest.