DRDGOLD (NYSE: DRD) officer details conditional and deferred share awards

Rhea-AI Filing Summary

DRDGOLD Limited officer Moloto Kgabo filed an initial ownership report showing equity-based compensation awards rather than market trades. The filing lists conditional share awards over 36,664 and 33,927 underlying ordinary shares that vest on October 25, 2026 and October 22, 2027, subject to continued service and performance conditions. It also reports 34,760 deferred shares granted on August 13, 2025, vesting in three equal annual installments starting August 13, 2026.

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^*

Moloto Kgabo

(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 FWGR 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	36,664	$0	D
Conditional Share Awards	10/22/2027	(2)	Ordinary Shares	33,927	$0	D
Deferred Shares	(3)	(3)	Ordinary Shares	34,760	$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/ Kgabo Moloto	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.
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FAQ

What does Moloto Kgabo report in DRDGOLD (DRD) Form 3?

Moloto Kgabo reports existing equity-based awards, not market trades. The filing lists conditional share awards and deferred shares tied to DRDGOLD ordinary shares, documenting his initial beneficial ownership as a company officer under long-term incentive and single incentive plans.

How many DRDGOLD (DRD) shares are covered by Moloto Kgabo’s conditional awards?

The filing shows conditional share awards over 36,664 underlying ordinary shares vesting on October 25, 2026 and 33,927 underlying ordinary shares vesting on October 22, 2027. Each conditional share award represents a contingent right to receive one ordinary share upon vesting conditions being satisfied.

When do Moloto Kgabo’s DRDGOLD conditional share awards vest?

One tranche of conditional share awards vests on October 25, 2026, and another vests on October 22, 2027. Vesting is subject to Kgabo’s continued service with DRDGOLD or its subsidiaries and the satisfaction of applicable performance conditions under the equity-settled long-term incentive scheme.

What are the deferred shares reported by Moloto Kgabo in DRDGOLD (DRD) Form 3?

The filing lists 34,760 deferred shares awarded on August 13, 2025 under DRDGOLD’s Single Incentive Plan. These deferred shares are subject to forfeiture and vest in three equal annual installments starting on August 13, 2026, contingent on continued service through each vesting date.

Does DRDGOLD (DRD) Form 3 show Moloto Kgabo buying or selling shares?

The Form 3 does not show open-market buying or selling. Instead, it records holdings of conditional share awards and deferred shares that may convert into ordinary shares in the future, subject to vesting, performance conditions, and continued employment requirements described in the company’s incentive plans.

What plans govern Moloto Kgabo’s DRDGOLD equity awards?

The conditional share awards are granted under DRDGOLD’s Equity-settled Long Term Incentive Scheme. The deferred shares were granted under the Single Incentive Plan. Both plans tie vesting to continued service with DRDGOLD or its subsidiaries, and the conditional awards also require meeting performance conditions.