DRDGOLD's Mpho Mashatola sells 13,014 shares

A separate reported award position covers 55,977 underlying ordinary shares, scheduled to vest on October 22, 2027, subject to continued service and performance conditions.

Rhea-AI Filing Summary

DRDGOLD's Group Fin. & Business Dev. Mgr. Mpho Mashatola had 28,920 conditional share awards vest on October 25, 2026, equal to 60% of awards granted in 2023; they were settled one-for-one in ordinary shares for no consideration. The remaining 19,281 awards were forfeited without consideration because performance conditions were not fully satisfied. On October 27, 2026, Mashatola sold 13,014 ordinary shares in a pooled sale at a reported average of $2.4413 per share, converted from ZAR; the stated average price was ZAR 40.7170 per share. No Rule 10b5-1 plan is reported for the sale.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Mashatola Mpho

Role Group Fin. & Business Dev. Mgr

Sold 13,014 shs ($32K)

Approx. gross sale proceeds $32K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Ordinary Shares F2, F3	13,014	$2.4413	$32K
Exercise	Conditional Share Awards F1	28,920	$0.00	$0.00
Other	Conditional Share Awards F4	19,281	$0.00	$0.00
Exercise	Ordinary Shares F1	28,920	$0.00	$0.00
holding	Conditional Share Awards F5	--	--	--

Holdings After Transaction: Conditional Share Awards — 55,977 contracts (Direct); Ordinary Shares — 55,774 shares (Direct)

Footnotes (5)

1. F1. On October 25, 2026, 28,920 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 13,014 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: 13,014 shares Reported average sale price: $2.4413 per share Average sale price in ZAR: ZAR 40.7170 per ordinary share +3 more

6 metrics

Ordinary shares sold 13,014 shares Pooled sale on October 27, 2026

Reported average sale price $2.4413 per share October 27, 2026; converted from ZAR

Average sale price in ZAR ZAR 40.7170 per ordinary share October 27, 2026

Conditional share awards vested 28,920 awards October 25, 2026; 60% of awards granted in 2023

Conditional share awards forfeited 19,281 awards Remaining 40% of the awards granted in 2023

Underlying shares in reported conditional share awards 55,977 ordinary shares Scheduled to vest on October 22, 2027, subject to continued service and performance conditions

Key Terms

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

4 terms

Conditional Share Awards financial

"28,920 conditional share awards ("Conditional Share Awards") of DRDGOLD Limited"

Equity-settled Long Term Incentive Scheme financial

"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 financial

"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 Mpho Mashatola sell, and at what price?

Mpho Mashatola sold 13,014 ordinary shares on October 27, 2026, in a pooled sale. The reported average price was $2.4413 per share, converted from ZAR; the stated average was ZAR 40.7170 per share. No Rule 10b5-1 plan is reported for the sale.

How many DRD conditional share awards vested or were forfeited?

28,920 awards, representing 60% of the awards granted in 2023, vested and were settled one-for-one in ordinary shares for no consideration on October 25, 2026. The remaining 19,281 awards, or 40%, were forfeited without consideration because the performance conditions were not fully satisfied.

When are Mpho Mashatola's remaining DRD conditional share awards scheduled to vest?

The reported award position covers 55,977 underlying ordinary shares, scheduled to vest on October 22, 2027, subject to continued service to DRDGOLD or its subsidiaries and satisfaction of applicable performance conditions.

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 - 01:24 PM EDT Accepted by SEC EDGAR 10/28/2026 - 01:24 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^*

Mashatola Mpho

(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)
	Group Fin. & Business Dev. Mgr

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		28,920(1)	A	$0	68,788	D
Ordinary Shares	10/27/2026		S		13,014(2)	D	$2.4413(3)	55,774	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			28,920(1)	(1)	(1)	Ordinary Shares	28,920	$0	19,281	D
Conditional Share Awards	$0	10/25/2026		J			19,281(4)	(4)	(4)	Ordinary Shares	19,281	$0	0	D
Conditional Share Awards	$0							10/22/2027	(5)	Ordinary Shares	55,977		55,977	D

Explanation of Responses:

1. On October 25, 2026, 28,920 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 13,014 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/ Mpho Mashatola	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)