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

Rhea-AI Filing Summary

DRDGOLD Limited executive Henry Gouws has filed an initial ownership report showing his equity-based holdings in the company. He holds conditional share awards over 148,600 ordinary shares that vest on October 25, 2026, and additional conditional awards over 186,908 ordinary shares that vest on October 22, 2027, under the company’s equity-settled long-term incentive scheme. He also holds 84,134 deferred shares awarded on August 13, 2025, which vest in five equal annual installments starting August 13, 2026, plus 3,050 ordinary shares held directly.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Gouws Henry

Role Head of Prod., Dir. of Ergo

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

Holdings After Transaction: Conditional Share Awards — 148,600 shares (Direct); Deferred Shares — 84,134 shares (Direct); Ordinary Shares — 3,050 shares (Direct)

Footnotes (1)

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. 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. 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 five 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.

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

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Gouws Henry

(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)
	Head of Prod., Dir. of Ergo

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	3,050	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	148,600	$0	D
Conditional Share Awards	10/22/2027	(2)	Ordinary Shares	186,908	$0	D
Deferred Shares	(3)	(3)	Ordinary Shares	84,134	$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 five 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/ Henry Gouws	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.

FAQ

What does the DRDGOLD (DRD) Form 3 filing by Henry Gouws show?

The Form 3 filing shows Henry Gouws’ initial equity holdings in DRDGOLD. It details his conditional share awards, deferred shares with vesting schedules starting in 2026, and 3,050 ordinary shares held directly as of the reporting date.

How many conditional share awards does Henry Gouws hold in DRDGOLD (DRD)?

Henry Gouws holds two blocks of conditional share awards totaling 335,508 underlying ordinary shares. One block covers 148,600 shares vesting on October 25, 2026, and the other covers 186,908 shares vesting on October 22, 2027, subject to service and performance conditions.

What are the terms of Henry Gouws’ deferred shares in DRDGOLD (DRD)?

Gouws holds 84,134 deferred shares awarded on August 13, 2025. These are subject to forfeiture and vest in five equal annual installments beginning August 13, 2026, contingent on his continued service with DRDGOLD or its subsidiaries through each vesting date.

Does the DRDGOLD (DRD) Form 3 filing report any recent share purchases or sales by Henry Gouws?

No purchases or sales are identified in the Form 3 data. The filing classifies all entries as holdings, with transaction codes and directions marked as unknown, indicating this document mainly establishes his existing equity position rather than reporting new trades.

What direct ordinary share holdings does Henry Gouws report in DRDGOLD (DRD)?

Henry Gouws reports direct ownership of 3,050 ordinary shares in DRDGOLD. This figure appears separately from his conditional share awards and deferred shares, which represent future rights to receive additional ordinary shares upon vesting.

What roles does Henry Gouws hold at DRDGOLD (DRD) in this Form 3 filing?

The filing lists Henry Gouws as an officer of DRDGOLD. His title is given as Head of Production and Director of Ergo, explaining why he is required to report his equity holdings as an insider under SEC rules.