DRDGOLD officer Henry Gouws sells 89,160 shares

The reported U.S.-dollar sale price was converted from ZAR using the South African Reserve Bank exchange rate in effect on the transaction date.

Rhea-AI Filing Summary

DRDGOLD Ltd. officer Henry Gouws (Head of Prod., Dir. of Ergo) received 89,160 ordinary shares on October 25, 2026, when conditional awards vested and settled one-for-one for no consideration. He sold 89,160 shares on October 27 at an average reported price of $2.4413 per share in a pooled sale. The remaining 59,440 conditional awards were forfeited without consideration after the company determined applicable performance conditions were not fully satisfied. Awards representing 186,908 underlying ordinary shares are scheduled to vest October 22, 2027, subject to continued service and performance conditions.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Gouws Henry

Role Head of Prod., Dir. of Ergo

Sold 89,160 shs ($218K)

Approx. gross sale proceeds $218K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Ordinary Shares F2, F3	89,160	$2.4413	$218K
Exercise	Conditional Share Awards F1	89,160	$0.00	$0.00
Other	Conditional Share Awards F4	59,440	$0.00	$0.00
Exercise	Ordinary Shares F1	89,160	$0.00	$0.00
holding	Conditional Share Awards F5	--	--	--

Holdings After Transaction: Conditional Share Awards — 186,908 contracts (Direct); Ordinary Shares — 3,050 shares (Direct)

Footnotes (5)

1. F1. On October 25, 2026, 89,160 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 89,160 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 received: 89,160 shares Ordinary shares sold: 89,160 shares Average sale price: $2.4413 per share +3 more

6 metrics

Ordinary shares received 89,160 shares Conditional awards vested and settled October 25, 2026.

Ordinary shares sold 89,160 shares Pooled sale on October 27, 2026.

Average sale price $2.4413 per share Converted from an average ZAR 40.7170 per share using the South African Reserve Bank exchange rate in effect on the transaction date.

Conditional awards forfeited 59,440 awards The remaining 40% of the awards were forfeited without consideration.

Awards vested 60% Of the awards granted October 25, 2023.

Underlying shares in conditional awards 186,908 ordinary shares Scheduled to vest October 22, 2027, subject to continued service and performance conditions.

Key Terms

Conditional Share Awards, Equity-settled Long Term Incentive Scheme, pooled sale, performance conditions

4 terms

Conditional Share Awards financial

"89,160 conditional share awards ("Conditional Share Awards") vested"

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"

performance conditions technical

"satisfaction of applicable performance conditions"

FAQ

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

How many DRD shares did Henry Gouws sell, and at what price?

Henry Gouws sold 89,160 DRDGOLD ordinary shares on October 27, 2026, at an average reported price of $2.4413 per share in a pooled sale. The reported U.S.-dollar price was converted from ZAR, and no Rule 10b5-1 plan is reported.

What happened to Henry Gouws's DRD conditional share awards?

89,160 awards, representing 60% of those granted on October 25, 2023, vested on October 25, 2026, and were settled one-for-one in ordinary shares for no consideration. The remaining 40%, or 59,440 awards, were forfeited without consideration after the company determined the performance conditions were not fully satisfied.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/28/2026 - 12:14 PM EDT Accepted by SEC EDGAR 10/28/2026 - 12:14 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^*

Gouws Henry

(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)
	Head of Prod., Dir. of Ergo

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		89,160(1)	A	$0	92,210	D
Ordinary Shares	10/27/2026		S		89,160(2)	D	$2.4413(3)	3,050	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			89,160	(1)	(1)	Ordinary Shares	89,160	$0	59,440	D
Conditional Share Awards	$0	10/25/2026		J			59,440(4)	(4)	(4)	Ordinary Shares	59,440	$0	0	D
Conditional Share Awards	$0							10/22/2027	(5)	Ordinary Shares	186,908		186,908	D

Explanation of Responses:

1. On October 25, 2026, 89,160 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 89,160 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/ Henry Gouws	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)