DRDGOLD manager Ryno Bornman sells 8,388 shares

A separate reported position includes 58,522 conditional share awards scheduled to vest October 22, 2027, subject to continued service and performance conditions.

Rhea-AI Filing Summary

DRDGOLD Ltd (DRD) reported that Ryno Bornman, Financial Manager, Ergo Ops., had 18,639 Conditional Share Awards vest on October 25, 2026, representing 60% of awards granted October 25, 2023; they were settled one-for-one in ordinary shares for no consideration. The remaining 12,425 awards, or 40%, were forfeited without consideration after the company determined applicable performance conditions were not fully satisfied. On October 27, 2026, 8,388 ordinary shares were sold on Bornman’s behalf in a pooled sale. The average sale price was ZAR 40.7170 per share; the table reports $2.4413 per share after conversion from ZAR. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Bornman Ryno

Role Financial Manager Ergo Ops.

Sold 8,388 shs ($20K)

Approx. gross sale proceeds $20K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Ordinary Shares F2, F3	8,388	$2.4413	$20K
Exercise	Conditional Share Awards F1	18,639	$0.00	$0.00
Other	Conditional Share Awards F4	12,425	$0.00	$0.00
Exercise	Ordinary Shares F1	18,639	$0.00	$0.00
holding	Conditional Share Awards F5	--	--	--

Holdings After Transaction: Conditional Share Awards — 58,522 contracts (Direct); Ordinary Shares — 16,959 shares (Direct)

Footnotes (5)

1. F1. On October 25, 2026, 18,639 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 8,388 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

Awards vested: 18,639 Conditional Share Awards Share of prior award vested: 60% Awards forfeited: 12,425 Conditional Share Awards +5 more

8 metrics

Awards vested 18,639 Conditional Share Awards Vested October 25, 2026

Share of prior award vested 60% Awards granted October 25, 2023

Awards forfeited 12,425 Conditional Share Awards Forfeited without consideration

Share of prior award forfeited 40% Remaining awards granted October 25, 2023

Ordinary shares sold 8,388 shares Pooled sale on October 27, 2026

Average sale price $2.4413 per ordinary share Table price converted from ZAR on October 27, 2026

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

Conditional Share Awards scheduled to vest 58,522 awards Scheduled to vest October 22, 2027, subject to 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

"18,639 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"

one-for-one basis financial

"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 Ryno Bornman sell, and at what price?

Ryno Bornman sold 8,388 ordinary shares on October 27, 2026, in a pooled sale conducted on his behalf. The average sale price was ZAR 40.7170 per share; the table reports $2.4413 per share after conversion using the South African Reserve Bank exchange rate in effect on the transaction date. No Rule 10b5-1 plan is reported.

How many DRD conditional share awards vested?

18,639 Conditional Share Awards vested on October 25, 2026, representing 60% of awards granted to Ryno Bornman on October 25, 2023. They were settled one-for-one in ordinary shares for no consideration under DRDGOLD’s Equity-settled Long Term Incentive Scheme.

Why were DRD conditional share awards forfeited?

12,425 awards, the remaining 40%, were forfeited without consideration after the company determined that applicable performance conditions were not fully satisfied.

How many DRD conditional share awards are scheduled to vest in 2027?

The reported position includes 58,522 Conditional Share Awards scheduled to vest on October 22, 2027, subject to continued service to the company or its subsidiaries and satisfaction of applicable performance conditions.

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

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Available on EDGAR 10/28/2026 - 12:23 PM EDT Accepted by SEC EDGAR 10/28/2026 - 12:23 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^*

Bornman Ryno

(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 Ergo 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		18,639(1)	A	$0	25,347	D
Ordinary Shares	10/27/2026		S		8,388(2)	D	$2.4413(3)	16,959	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			18,639(1)	(1)	(1)	Ordinary Shares	18,639	$0	12,425	D
Conditional Share Awards	$0	10/25/2026		J			12,425(4)	(4)	(4)	Ordinary Shares	12,425	$0	0	D
Conditional Share Awards	$0							10/22/2027	(5)	Ordinary Shares	58,522		58,522	D

Explanation of Responses:

1. On October 25, 2026, 18,639 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 8,388 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/ Ryno Bornman	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)