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  4. [Form 3] DRDGOLD LTD Initial Statement of Beneficial Ownership

DRDGOLD (DRD) financial manager reports conditional and deferred share awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

DRDGOLD LTD Financial Manager Ergo Ops. Ryno Bornman filed an initial ownership report showing equity-based awards linked to the company’s ordinary shares. He holds conditional share awards covering 31,064 underlying ordinary shares that may vest on October 25, 2026, and additional conditional share awards over 58,522 underlying ordinary shares that may vest on October 22, 2027, in each case subject to continued service and performance conditions. He also holds 36,596 deferred shares granted on August 13, 2025 under the Single Incentive Plan, which are scheduled to vest in three equal annual installments starting August 13, 2026, subject to continued service.

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Insider Bornman Ryno
Role Financial Manager Ergo Ops.
Type Security Shares Price Value
holding Conditional Share Awards -- -- --
holding Conditional Share Awards -- -- --
holding Deferred Shares -- -- --
Holdings After Transaction: Conditional Share Awards — 31,064 shares (Direct); Deferred Shares — 36,596 shares (Direct)
Footnotes (1)
  1. Each conditional share award represents a contingent right to receive one ordinary share of DRDGOLD Limited (the "Company"). The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 25, 2026, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions. 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 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. Consists of deferred shares of the Company awarded to the Reporting Person on August 13, 2025 under the Company's Single Incentive Plan. The deferred shares are subject to forfeiture and vest in three equal annual installments commencing on August 13, 2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each applicable vesting date.
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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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: 3235-0104
Estimated average burden
hours per response: 0.5
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 T3 1709
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026 		3. Issuer Name and Ticker or Trading Symbol
DRDGOLD LTD [ DRD ]
4. 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.
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Conditional Share Awards 10/25/2026 (1) Ordinary Shares 31,064 $0 D
Conditional Share Awards 10/22/2027 (2) Ordinary Shares 58,522 $0 D
Deferred Shares (3) (3) Ordinary Shares 36,596 $0 D
Explanation of Responses:
1. Each conditional share award represents a contingent right to receive one ordinary share of DRDGOLD Limited (the "Company"). The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 25, 2026, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions.
2. 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 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.
3. Consists of deferred shares of the Company awarded to the Reporting Person on August 13, 2025 under the Company's Single Incentive Plan. The deferred shares are subject to forfeiture and vest in three equal annual installments commencing on August 13, 2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each applicable vesting date.
Remarks:
/s/ Ryno Bornman 03/17/2026
** 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 5 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What does the DRDGOLD (DRD) Form 3 filing by Ryno Bornman show?

The Form 3 shows initial equity award holdings for Financial Manager Ergo Ops. Ryno Bornman. It lists conditional share awards and deferred shares that may convert into ordinary shares over time, subject to service and performance-based vesting conditions on specified future dates.

How many conditional share awards linked to DRDGOLD (DRD) ordinary shares does Bornman report?

Bornman reports conditional share awards over 31,064 underlying ordinary shares and a separate tranche over 58,522 underlying ordinary shares. Each conditional award represents a contingent right to receive one ordinary share, subject to vesting, continued service, and applicable performance conditions under DRDGOLD’s long-term incentive scheme.

When do Ryno Bornman’s DRDGOLD (DRD) conditional share awards vest?

The footnotes state that one tranche of conditional share awards vests on October 25, 2026, and another vests on October 22, 2027. Vesting depends on Bornman’s continued service to DRDGOLD or its subsidiaries and satisfaction of specified performance conditions under the company’s incentive scheme.

What are the deferred shares reported in the DRDGOLD (DRD) Form 3?

The Form 3 notes 36,596 deferred shares awarded on August 13, 2025 under DRDGOLD’s Single Incentive Plan. These deferred shares are subject to forfeiture and vest in three equal annual installments starting August 13, 2026, contingent on Bornman’s continued service through each vesting date.

Are Ryno Bornman’s DRDGOLD (DRD) equity awards direct or indirect holdings?

The data classify all reported conditional share awards and deferred shares as direct holdings. Ownership type is shown as direct in each transaction entry, with no indication of intermediary entities or indirect ownership structures in the provided information.

Do the DRDGOLD (DRD) awards in this Form 3 require any exercise price?

The reported conditional share awards and deferred shares show a conversion or exercise price of 0.0000. This indicates the awards are structured as equity-based incentives that convert into ordinary shares upon vesting, without a separate cash exercise payment, subject to the stated vesting conditions.