When are Kevin Kruger's other DRD conditional share awards scheduled to vest?

Conditional Share Awards tied to 186,908 underlying Ordinary Shares are scheduled to vest October 22, 2027. Vesting is subject to continued service to the company or its subsidiaries and satisfaction of applicable performance conditions.

DRDGOLD Kevin Kruger sells 73,830 ordinary shares

Q: How many DRD shares did Kevin Kruger sell, and at what price?

Kevin Kruger sold 73,830 Ordinary Shares on October 27, 2026, in a pooled sale at an average reported price of $2.4413 per share. The table price was converted from South African rand using the South African Reserve Bank exchange rate on the transaction date; the average sale price was ZAR 40.7170 per share. No Rule 10b5-1 plan is reported.

Q: How many DRD conditional share awards vested for Kevin Kruger?

73,830 Conditional Share Awards vested on October 25, 2026, representing 60% of awards granted October 25, 2023. The awards were settled one-for-one in Ordinary Shares for no consideration, based on the company's determination of the extent to which applicable performance conditions were satisfied.

Q: What happened to the remaining 40% of Kevin Kruger's DRD awards?

The remaining 49,219 Conditional Share Awards were forfeited without consideration. The company determined that the applicable performance conditions were not fully satisfied.

DRDGOLD Ltd Head of Technical Services Kevin Kruger had 73,830 Conditional Share Awards vest on October 25, 2026, representing 60% of awards granted October 25, 2023.

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Rhea-AI Filing Summary

DRDGOLD Ltd Head of Technical Services Kevin Kruger had 73,830 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.

On October 27, 2026, Kruger sold 73,830 Ordinary Shares in a pooled sale at an average reported price of $2.4413 per share, converted from ZAR; the average sale price was ZAR 40.7170 per share. No Rule 10b5-1 plan is reported.

The remaining 40%, or 49,219 awards, were forfeited without consideration because the company determined that the performance conditions were not fully satisfied. Separate Conditional Share Awards tied to 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 Kruger Kevin

Role Head of Technical Services

Sold 73,830 shs ($180K)

Approx. gross sale proceeds $180K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Ordinary Shares ^{F2, F3}	73,830	$2.4413	$180K
Exercise	Conditional Share Awards ^F1	73,830	$0.00	$0.00
Other	Conditional Share Awards ^F4	49,219	$0.00	$0.00
Exercise	Ordinary Shares ^F1	73,830	$0.00	$0.00
holding	Conditional Share Awards ^F5	--	--	--

Holdings After Transaction: Conditional Share Awards — 186,908 contracts (Direct); Ordinary Shares — 9,240 shares (Direct)

Footnotes (5)

F1. On October 25, 2026, 73,830 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.
F2. Represents 73,830 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.
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.
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.
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

Conditional Share Awards vested: 73,830 awards Share of prior awards vested: 60% Ordinary Shares sold: 73,830 shares +4 more

7 metrics

Conditional Share Awards vested 73,830 awards October 25, 2026

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

Ordinary Shares sold 73,830 shares Pooled sale on October 27, 2026

Average reported sale price $2.4413 per share USD price converted from ZAR for the October 27, 2026 transaction

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

Conditional Share Awards forfeited 49,219 awards Remaining 40% of awards granted October 25, 2023

Underlying Ordinary Shares tied to other Conditional Share Awards 186,908 shares 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

3 terms

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"

FAQ

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

How many DRD shares did Kevin Kruger sell, and at what price?

Kevin Kruger sold 73,830 Ordinary Shares on October 27, 2026, in a pooled sale at an average reported price of $2.4413 per share. The table price was converted from South African rand using the South African Reserve Bank exchange rate on the transaction date; the average sale price was ZAR 40.7170 per share. No Rule 10b5-1 plan is reported.

What happened to the remaining 40% of Kevin Kruger's DRD awards?

The remaining 49,219 Conditional Share Awards were forfeited without consideration. The company determined that the applicable performance conditions were not fully satisfied.

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

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Available on EDGAR 10/28/2026 - 12:27 PM EDT Accepted by SEC EDGAR 10/28/2026 - 12:27 PM EDT

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^*

Kruger Kevin

(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 Technical Services

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	10/25/2026		M		73,830⁽¹⁾	A	$0	83,070	D
Ordinary Shares	10/27/2026		S		73,830⁽²⁾	D	$2.4413⁽³⁾	9,240	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Conditional Share Awards	$0	10/25/2026		M			73,830⁽¹⁾	⁽¹⁾	⁽¹⁾	Ordinary Shares	73,830	$0	49,219	D
Conditional Share Awards	$0	10/25/2026		J			49,219⁽⁴⁾	⁽⁴⁾	⁽⁴⁾	Ordinary Shares	49,219	$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, 73,830 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 73,830 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/ Kevin Kruger	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)

Source: View Original Filing on SEC EDGAR