Caledonia Mining (CMCL) director discloses 2,443,372 indirect shares in Form 3

Rhea-AI Filing Summary

Caledonia Mining Corp Plc insider Victor Gapare, an Executive Director and more than 10% owner, reported his beneficial ownership in a Form 3 filing. The filing shows indirect ownership of 2,443,372 common shares, held through Toziyana Resources Limited, which is ultimately owned by a trust settled by him.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gapare Victor

Role Executive Director

Type	Security	Shares	Price	Value
holding	Common shares	--	--	--

Holdings After Transaction: Common shares — 2,443,372 shares (Indirect, Held by Toziyana Resources Limited, ultimately owned by a trust settled by the reporting person.)

Footnotes (1)

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Gapare Victor

(Last) (First) (Middle)

C/O CALEDONIA MINING CORP PLC

2 MULCASTER STREET

(Street)

ST. HELIER JE2 3NJ

(City) (State) (Zip)

JERSEY

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Caledonia Mining Corp Plc [ CMCL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Director

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common shares	2,443,372	I	Held by Toziyana Resources Limited, ultimately owned by a trust settled by the reporting person.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The reporting person has granted a Power of Attorney to the undersigned to file this Form 3 on his behalf.

	/s/ Victor Gapare By Susan Yu, Attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Caledonia Mining (CMCL) Form 3 filing report for Victor Gapare?

The Form 3 reports Victor Gapare’s beneficial ownership in Caledonia Mining. He is an Executive Director and more than 10% owner, with 2,443,372 common shares held indirectly through Toziyana Resources Limited, tied to a trust he settled.

How many Caledonia Mining (CMCL) shares are indirectly held for Victor Gapare?

The filing shows indirect beneficial ownership of 2,443,372 Caledonia Mining common shares. These shares are held by Toziyana Resources Limited, which is ultimately owned by a trust settled by Victor Gapare, rather than being held in his own name.

What is Victor Gapare’s role at Caledonia Mining (CMCL) in this Form 3?

Victor Gapare is identified as an Executive Director and more than 10% owner of Caledonia Mining. The Form 3 records his status as an insider and discloses his indirect beneficial ownership of 2,443,372 common shares through an affiliated entity.

How are Victor Gapare’s Caledonia Mining (CMCL) shares held according to the filing?

The shares are held indirectly by Toziyana Resources Limited. That entity is ultimately owned by a trust settled by Victor Gapare, meaning his beneficial ownership is through this structure rather than direct personal share registration.

Does the Caledonia Mining (CMCL) Form 3 show any recent insider trades by Victor Gapare?

The data presented reflects a holding entry, not a buy or sell transaction. It records Victor Gapare’s indirect beneficial ownership of 2,443,372 common shares, without indicating any recent open-market purchases or sales in this specific filing.