DRDGOLD executive reports equity incentive holdings

DRDGOLD LTD executive Dean Lindecke filed an initial statement of beneficial ownership showing equity-based incentives rather than cash share purchases or sales.

Rhea-AI Filing Summary

DRDGOLD LTD executive Dean Lindecke filed an initial statement of beneficial ownership showing equity-based incentives rather than cash share purchases or sales. He holds conditional share awards over 81,579 ordinary shares that vest on October 25, 2026, subject to continued service and performance conditions. Additional conditional share awards over 104,957 ordinary shares vest on October 22, 2027 on similar terms. He also holds 60,182 deferred shares awarded on August 13, 2025, which vest in three equal annual installments starting August 13, 2026, provided he remains with the company through each vesting date.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Lindecke Dean

Role General Manager Ergo Ops.

Type	Security	Shares	Price	Value
holding	Conditional Share Awards	--	--	--
holding	Conditional Share Awards	--	--	--
holding	Deferred Shares	--	--	--

Holdings After Transaction: Conditional Share Awards — 186,536 contracts (Direct); Deferred Shares — 60,182 contracts (Direct)

Footnotes (3)

1. F1. Each conditional share award represents a contingent right to receive one ordinary share of DRDGOLD Limited (the "Company"). The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 25, 2026, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions.
2. F2. Each conditional share award represents a contingent right to receive one ordinary share of the Company. The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 22, 2027, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions.
3. F3. Consists of deferred shares of the Company awarded to the Reporting Person on August 13, 2025 under the Company's Single Incentive Plan. The deferred shares are subject to forfeiture and vest in three equal annual installments commencing on August 13, 2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each applicable vesting date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the DRDGOLD (DRD) Form 3 filing for Dean Lindecke show?

The Form 3 shows Dean Lindecke’s existing equity-based holdings in DRDGOLD. It lists conditional share awards and deferred shares tied to ordinary shares, all subject to future vesting based on continued service and, for some awards, performance conditions.

How many DRDGOLD (DRD) conditional share awards does Dean Lindecke report?

Dean Lindecke reports conditional share awards linked to 81,579 ordinary shares vesting on October 25, 2026, and 104,957 ordinary shares vesting on October 22, 2027. Each conditional share award represents a contingent right to receive one ordinary share if vesting conditions are met.

What are the terms of Dean Lindecke’s deferred shares in DRDGOLD (DRD)?

He holds 60,182 deferred shares awarded on August 13, 2025 under DRDGOLD’s Single Incentive Plan. These deferred shares vest in three equal annual installments starting August 13, 2026, and are subject to forfeiture if he does not remain in service through each vesting date.

Are performance conditions attached to DRDGOLD (DRD) conditional share awards reported by Dean Lindecke?

Yes. The conditional share awards vest only if Dean Lindecke remains employed by DRDGOLD or its subsidiaries and the applicable performance conditions are satisfied. These conditions apply to the awards scheduled to vest on October 25, 2026 and October 22, 2027.

Does the DRDGOLD (DRD) Form 3 indicate any share purchases or sales by Dean Lindecke?

No direct purchases or sales are indicated. The filing records existing holdings of conditional share awards and deferred shares, all with an exercise or conversion price of zero, reflecting compensation-related equity rather than market transactions in DRDGOLD ordinary shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/17/2026 - 03:00 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Lindecke Dean

(Last) (First) (Middle)

CYCAD HOUSE, BUILDING 17, GROUND FLOOR

CNR 14TH AVENUE AND HENDRIK POTGIETER RD

(Street)

WELTEVREDEN PARK T3 1709

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
DRDGOLD LTD [ DRD ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Manager Ergo Ops.

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

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)

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
Conditional Share Awards	10/25/2026	(1)	Ordinary Shares	81,579	$0	D
Conditional Share Awards	10/22/2027	(2)	Ordinary Shares	104,957	$0	D
Deferred Shares	(3)	(3)	Ordinary Shares	60,182	$0	D

Explanation of Responses:

1. Each conditional share award represents a contingent right to receive one ordinary share of DRDGOLD Limited (the "Company"). The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 25, 2026, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions.

2. Each conditional share award represents a contingent right to receive one ordinary share of the Company. The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 22, 2027, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions.

3. Consists of deferred shares of the Company awarded to the Reporting Person on August 13, 2025 under the Company's Single Incentive Plan. The deferred shares are subject to forfeiture and vest in three equal annual installments commencing on August 13, 2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each applicable vesting date.

Remarks:

	/s/ Dean Lindecke	03/17/2026
	** 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.