DRDGOLD (DRD) executive details conditional awards and deferred shares

Rhea-AI Filing Summary

DRDGOLD Limited executive Mashatola Mpho has reported their initial equity holdings with the company. The filing lists conditional share awards over 48,201 ordinary shares that vest on October 25, 2026, and a further 55,977 conditional share awards that vest on October 22, 2027, each subject to continued service and performance conditions.

The filing also shows 35,165 deferred shares granted on August 13, 2025, which vest in three equal annual installments starting on August 13, 2026, and 33,422 ordinary shares held directly. Together, these positions outline Mpho’s current mix of time- and performance-based incentives in DRDGOLD.

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^*

Mashatola Mpho

(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)
	Group Fin. & Business Dev. Mgr

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)
Ordinary Shares	33,422	D

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	48,201	$0	D
Conditional Share Awards	10/22/2027	(2)	Ordinary Shares	55,977	$0	D
Deferred Shares	(3)	(3)	Ordinary Shares	35,165	$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/ Mpho Mashatola	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).
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FAQ

What does DRDGOLD (DRD) disclose about Mashatola Mpho’s share awards?

The filing shows conditional share awards over 48,201 and 55,977 ordinary shares for Mashatola Mpho. These awards are part of DRDGOLD’s equity-settled long-term incentive scheme and vest on specific future dates if service and performance conditions are met.

When do Mashatola Mpho’s DRDGOLD conditional share awards vest?

The awards vest on October 25, 2026 for 48,201 shares and October 22, 2027 for 55,977 shares. Vesting depends on continued service to DRDGOLD or its subsidiaries and satisfaction of the plan’s performance conditions over the relevant period.

What are the deferred shares reported for DRDGOLD executive Mashatola Mpho?

The filing lists 35,165 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 August 13, 2026, assuming continued service through each vesting date.

How many DRDGOLD ordinary shares does Mashatola Mpho hold directly?

The filing shows 33,422 ordinary shares held directly by Mashatola Mpho. This direct holding is separate from the conditional share awards and deferred shares, which represent future contingent rights rather than currently unrestricted ordinary shares.

What role does Mashatola Mpho hold at DRDGOLD (DRD)?

Mashatola Mpho is disclosed as Group Financial & Business Development Manager at DRDGOLD. The reported equity interests align their compensation with the company’s performance through a combination of ordinary shares, conditional share awards, and deferred share incentives.

Are Mashatola Mpho’s DRDGOLD equity awards subject to performance conditions?

Yes. The conditional share awards vest only if performance conditions are satisfied and if Mashatola Mpho remains in service with DRDGOLD or its subsidiaries. Deferred shares are primarily tied to continued service across scheduled vesting dates.