DRDGOLD manager Kgabo Moloto sells 21,999 shares

Q: How many DRD shares did Kgabo Moloto sell, and at what price?

Kgabo Moloto sold 21,999 ordinary shares on October 27, 2026, in a pooled sale at a reported $2.4413 per share. The U.S. dollar price was converted from ZAR using the South African Reserve Bank exchange rate in effect on the transaction date; the stated average sale price was ZAR 40.7170 per share.

Q: What happened to Kgabo Moloto’s DRD conditional share awards?

On October 25, 2026, 21,999 awards, representing 60% of those granted on October 25, 2023, vested and settled one-for-one in ordinary shares for no consideration. The remaining 40%, or 14,665 awards, were forfeited without consideration after the company determined applicable performance conditions were not fully satisfied.

The company determined performance conditions were not fully satisfied for the remaining 40% of the awards, which were forfeited without consideration.

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Rhea-AI Filing Summary

At DRDGOLD Ltd., General Manager FWGR Ops. Kgabo Moloto sold 21,999 ordinary shares on October 27, 2026, in a pooled sale at a reported $2.4413 per share. The U.S. dollar price was converted from ZAR using the South African Reserve Bank exchange rate in effect that day; the stated average sale price was ZAR 40.7170 per share. The sale was not reported as made under a Rule 10b5-1 plan.

On October 25, 2026, 21,999 conditional share awards, representing 60% of those granted to Moloto on October 25, 2023, vested based on the company’s determination of how applicable performance conditions were met and settled one-for-one in ordinary shares for no consideration. The remaining 40%, or 14,665 awards, were forfeited without consideration after the company determined the applicable performance conditions were not fully satisfied. The reported conditional-award position covers 33,927 underlying ordinary shares, scheduled to vest on 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 Moloto Kgabo

Role General Manager FWGR Ops.

Sold 21,999 shs ($54K)

Approx. gross sale proceeds $54K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Ordinary Shares ^{F2, F3}	21,999	$2.4413	$54K
Exercise	Conditional Share Awards ^F1	21,999	$0.00	$0.00
Other	Conditional Share Awards ^F4	14,665	$0.00	$0.00
Exercise	Ordinary Shares ^F1	21,999	$0.00	$0.00
holding	Conditional Share Awards ^F5	--	--	--

Holdings After Transaction: Conditional Share Awards — 33,927 contracts (Direct); Ordinary Shares — 0 shares (Direct)

Footnotes (5)

F1. On October 25, 2026, 21,999 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 21,999 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

Ordinary shares sold: 21,999 shares Reported sale price: $2.4413 per ordinary share Average sale price: ZAR 40.7170 per ordinary share +3 more

6 metrics

Ordinary shares sold 21,999 shares Pooled sale on October 27, 2026

Reported sale price $2.4413 per ordinary share U.S. dollar price converted from ZAR using the South African Reserve Bank exchange rate in effect on October 27, 2026

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

Conditional share awards vested 21,999 awards Vested October 25, 2026; 60% of awards granted October 25, 2023

Conditional share awards forfeited 14,665 awards Remaining 40%; applicable performance conditions were not fully satisfied

Underlying ordinary shares in reported conditional-award position 33,927 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

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

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How many DRD shares did Kgabo Moloto sell, and at what price?

Kgabo Moloto sold 21,999 ordinary shares on October 27, 2026, in a pooled sale at a reported $2.4413 per share. The U.S. dollar price was converted from ZAR using the South African Reserve Bank exchange rate in effect on the transaction date; the stated average sale price was ZAR 40.7170 per share.

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Available on EDGAR 10/28/2026 - 12:30 PM EDT Accepted by SEC EDGAR 10/28/2026 - 12:29 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^*

Moloto Kgabo

(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)
	General 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)
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		21,999⁽¹⁾	A	$0	21,999	D
Ordinary Shares	10/27/2026		S		21,999⁽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)
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			21,999⁽¹⁾	⁽¹⁾	⁽¹⁾	Ordinary Shares	21,999	$0	14,665	D
Conditional Share Awards	$0	10/25/2026		J			14,665⁽⁴⁾	⁽⁴⁾	⁽⁴⁾	Ordinary Shares	14,665	$0	0	D
Conditional Share Awards	$0							10/22/2027	⁽⁵⁾	Ordinary Shares	33,927		33,927	D

Explanation of Responses:

1. On October 25, 2026, 21,999 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 21,999 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/ Kgabo Moloto	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

DRDGOLD manager Kgabo Moloto sells 21,999 shares