DRDGOLD (NYSE: DRD) insider reports conditional and deferred share awards

Rhea-AI Filing Summary

DRDGOLD Limited financial manager Laas Lihan has filed an initial Form 3 reporting equity-based holdings in the company. The filing lists conditional share awards that each represent a right to receive one ordinary share, covering 24,644 underlying ordinary shares vesting on October 25, 2026 and 27,740 underlying ordinary shares vesting on October 22, 2027, subject to continued service and performance conditions.

It also reports 27,088 deferred shares awarded on August 13, 2025 under the Single Incentive Plan, which are subject to forfeiture and vest in three equal annual installments starting August 13, 2026, contingent on continued service.

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^*

Laas Lihan

(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)
	Financial 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	24,644	$0	D
Conditional Share Awards	10/22/2027	(2)	Ordinary Shares	27,740	$0	D
Deferred Shares	(3)	(3)	Ordinary Shares	27,088	$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/ Lihan Laas	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does the DRDGOLD (DRD) Form 3 filing by Laas Lihan report?

The Form 3 shows initial equity holdings of DRDGOLD financial manager Laas Lihan. It reports conditional share awards and deferred shares that can convert into ordinary shares, subject to future vesting dates, continued service, and performance-based conditions.

How many DRDGOLD (DRD) ordinary shares are tied to Laas Lihan’s conditional awards?

The filing shows conditional share awards over 24,644 underlying ordinary shares vesting on October 25, 2026 and 27,740 underlying ordinary shares vesting on October 22, 2027, all under DRDGOLD’s Equity-settled Long Term Incentive Scheme.

What are the vesting conditions for DRDGOLD (DRD) conditional share awards disclosed?

Each conditional share award represents a right to receive one ordinary share of DRDGOLD. The awards vest on specific dates in 2026 and 2027, provided Laas Lihan remains in service and applicable performance conditions under the company’s long-term incentive scheme are satisfied.

What deferred share holdings does Laas Lihan report in DRDGOLD (DRD)?

The filing reports 27,088 deferred shares awarded on August 13, 2025 under DRDGOLD’s Single Incentive Plan. These are subject to forfeiture and vest in three equal annual installments starting August 13, 2026, assuming continued service through each vesting date.

Are the DRDGOLD (DRD) awards in this Form 3 immediately exercisable or cost-based?

The reported conditional share awards and deferred shares carry a stated exercise price of 0.0000, indicating no cash exercise cost. They are not immediately available; settlement into ordinary shares depends on future vesting dates and continued service conditions.