DRDGOLD manager Lihan Laas sells 14,787 shares

The company determined applicable performance conditions were satisfied for 60% of the awards granted October 25, 2023; the remaining 40% were forfeited.

Rhea-AI Filing Summary

DRDGOLD Ltd (DRD) Financial Manager Lihan Laas sold 14,787 ordinary shares on October 27, 2026, at an average price of $2.4413 per share (ZAR 40.7170, converted to U.S. dollars) in a pooled sale. On October 25, 2026, 14,787 conditional share awards vested and settled one-for-one in ordinary shares for no consideration; the remaining 9,857 awards were forfeited without consideration because performance conditions were not fully satisfied. The reported position includes 27,740 conditional share awards scheduled to vest October 22, 2027, subject to continued service and performance conditions. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Laas Lihan

Role Financial Manager FWGR Ops.

Sold 14,787 shs ($36K)

Approx. gross sale proceeds $36K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Ordinary Shares F2, F3	14,787	$2.4413	$36K
Exercise	Conditional Share Awards F1	14,787	$0.00	$0.00
Other	Conditional Share Awards F4	9,857	$0.00	$0.00
Exercise	Ordinary Shares F1	14,787	$0.00	$0.00
holding	Conditional Share Awards F5	--	--	--

Holdings After Transaction: Conditional Share Awards — 27,740 contracts (Direct); Ordinary Shares — 0 shares (Direct)

Footnotes (5)

1. F1. On October 25, 2026, 14,787 conditional share awards ("Conditional Share Awards") of DRDGOLD Limited (the "Company") representing 60% of the Conditional Share Awards previously awarded to the Reporting Person on October 25, 2023 under the Company's Equity-settled Long Term Incentive Scheme vested, based on the Company's determination of the extent to which the applicable performance conditions were satisfied, and were settled on a one-for-one basis in Ordinary Shares for no consideration.
2. F2. Represents 14,787 Ordinary Shares sold on behalf of the Reporting Person as part of a pooled sale conducted on October 27, 2026, following the vesting and settlement of Conditional Share Awards described in footnote 1.
3. F3. The underlying transaction was denominated in South African rand ("ZAR"). For the purposes of this table, the price reported in United States dollars has been converted from ZAR using the South African Reserve Bank exchange rate in effect on the transaction date. The average sale price was ZAR 40.7170 per Ordinary Share.
4. F4. Disposition represents the forfeiture, without consideration, of the remaining 40% of the Conditional Share Awards granted to the Reporting Person on October 25, 2023, as a result of the Company's determination that the applicable performance conditions were not fully satisfied.
5. F5. 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 are scheduled to 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.

Key Figures

Ordinary shares sold: 14,787 shares Average sale price: $2.4413 per share Average sale price: ZAR 40.7170 per share +3 more

6 metrics

Ordinary shares sold 14,787 shares October 27, 2026, pooled sale

Average sale price $2.4413 per share Converted from ZAR using the South African Reserve Bank exchange rate in effect on October 27, 2026

Average sale price ZAR 40.7170 per share Pooled sale on October 27, 2026

Awards vested and settled 14,787 awards October 25, 2026; settled one-for-one in ordinary shares

Awards forfeited 9,857 awards October 25, 2026; without consideration

Conditional share awards scheduled to vest 27,740 awards Scheduled for October 22, 2027, subject to continued service and applicable performance conditions

Key Terms

Conditional Share Awards, Equity-settled Long Term Incentive Scheme, pooled sale, one-for-one basis

4 terms

Conditional Share Awards technical

"14,787 conditional share awards ("Conditional Share Awards")"

Equity-settled Long Term Incentive Scheme technical

"under the Company's Equity-settled Long Term Incentive Scheme"

pooled sale financial

"as part of a pooled sale conducted on October 27, 2026"

one-for-one basis technical

"were settled on a one-for-one basis in Ordinary Shares"

FAQ

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

How many DRD shares did Lihan Laas sell, and at what price?

Lihan Laas sold 14,787 DRDGOLD ordinary shares on October 27, 2026, at an average price of $2.4413 per share. The pooled sale's average price was ZAR 40.7170 per share, converted to U.S. dollars using the South African Reserve Bank exchange rate in effect on the transaction date. No Rule 10b5-1 plan is reported.

Why were some DRD conditional share awards forfeited?

On October 25, 2026, the remaining 9,857 awards, representing 40% of the awards granted October 25, 2023, were forfeited without consideration because the applicable performance conditions were not fully satisfied.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/28/2026 - 12:31 PM EDT Accepted by SEC EDGAR 10/28/2026 - 12:30 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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 1709

(City) (State) (Zip)

SOUTH AFRICA

(Country)

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

5. 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.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	10/25/2026		M		14,787(1)	A	$0	14,787	D
Ordinary Shares	10/27/2026		S		14,787(2)	D	$2.4413(3)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Conditional Share Awards	$0	10/25/2026		M			14,787(1)	(1)	(1)	Ordinary Shares	14,787	$0	9,857	D
Conditional Share Awards	$0	10/25/2026		J			9,857(4)	(4)	(4)	Ordinary Shares	9,857	$0	0	D
Conditional Share Awards	$0							10/22/2027	(5)	Ordinary Shares	27,740		27,740	D

Explanation of Responses:

1. On October 25, 2026, 14,787 conditional share awards ("Conditional Share Awards") of DRDGOLD Limited (the "Company") representing 60% of the Conditional Share Awards previously awarded to the Reporting Person on October 25, 2023 under the Company's Equity-settled Long Term Incentive Scheme vested, based on the Company's determination of the extent to which the applicable performance conditions were satisfied, and were settled on a one-for-one basis in Ordinary Shares for no consideration.

2. Represents 14,787 Ordinary Shares sold on behalf of the Reporting Person as part of a pooled sale conducted on October 27, 2026, following the vesting and settlement of Conditional Share Awards described in footnote 1.

3. The underlying transaction was denominated in South African rand ("ZAR"). For the purposes of this table, the price reported in United States dollars has been converted from ZAR using the South African Reserve Bank exchange rate in effect on the transaction date. The average sale price was ZAR 40.7170 per Ordinary Share.

4. Disposition represents the forfeiture, without consideration, of the remaining 40% of the Conditional Share Awards granted to the Reporting Person on October 25, 2023, as a result of the Company's determination that the applicable performance conditions were not fully satisfied.

5. 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 are scheduled to 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.

Remarks:

	/s/ Lihan Laas	10/28/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)