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  4. [Form 4] DRDGOLD LTD Insider Trading Activity

DRDGOLD officer sells 5,275 shares at $2.75

DRDGOLD LTD officer exercises 11,721 deferred shares and sells 5,275 ordinary shares in a pooled sale, retaining the balance.

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

DRDGOLD LTD (DRD) reports that officer Mashatola Mpho exercised 11,721 Deferred Shares on August 13, 2026, which vested under the Company’s Single Incentive Plan and were settled one-for-one into Ordinary Shares for no consideration. A subsequent pooled sale on August 31 and September 1, 2026 disposed of 5,275 Ordinary Shares, with the remaining 6,446 Ordinary Shares retained in the reporting person’s own name. Following these events, the reporting person holds 72,900 Deferred Shares; no Rule 10b5-1 trading plan is reported.

Positive

  • None.

Negative

  • None.
Insider Mashatola Mpho
Role Group Fin. & Business Dev. Mgr
Sold 5,275 shs ($15K)
Approx. gross sale proceeds $15K
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Ordinary Shares F2, F3 5,275 $2.7545 $15K
Exercise Deferred Shares F1, F4 11,721 $0.00 $0.00
Exercise Ordinary Shares F1 11,721 $0.00 $0.00
Holdings After Transaction: Deferred Shares — 72,900 contracts (Direct); Ordinary Shares — 39,868 shares (Direct)
Footnotes (4)
  1. F1. On August 13, 2026, 11,721 deferred shares of DRDGOLD Limited (the "Company") previously awarded to the Reporting Person under the Company's Single Incentive Plan (the "Deferred Shares") vested and were settled on a one-for-one basis in Ordinary Shares for no consideration.
  2. F2. Represents 5,275 Ordinary Shares sold on behalf of the Reporting Person as part of a pooled sale conducted on August 31 and September 1, 2026, following the vesting and settlement of 11,721 Deferred Shares described in footnote 1. The remaining 6,446 Ordinary Shares were transferred to and retained in the Reporting Person's own name.
  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 44.4764 per Ordinary Share.
  4. F4. The amount reported in Table II, Column 9 reflects the subsequent acquisition of Deferred Shares previously reported on the Reporting Person's Form 4 filed on August 27, 2026 and represents the Reporting Person's current holdings of Deferred Shares.
Deferred Shares vested and settled 11,721 shares Deferred Shares vested and settled into Ordinary Shares on August 13, 2026
Ordinary Shares sold 5,275 shares Pooled sale conducted on August 31 and September 1, 2026
Average sale price (USD) $2.7545 per share Average price for 5,275 Ordinary Shares sold
Average sale price (ZAR) ZAR 44.4764 per share Average sale price in South African rand for Ordinary Shares sold
Ordinary Shares retained from vesting 6,446 shares Portion of 11,721 vested Ordinary Shares retained in reporting person’s own name
Deferred Shares held after transactions 72,900 shares Current holdings of Deferred Shares as reflected in Table II, Column 9
Deferred Shares financial
"On August 13, 2026, 11,721 deferred shares of DRDGOLD Limited"
Deferred shares are a class of stock whose economic benefits or certain shareholder rights are delayed or paid later than ordinary shares—for example, dividends may be paid only after other shareholders receive theirs, or voting or redemption rights may be postponed. For investors, that timing difference matters because deferred shares typically offer lower near-term income and different risk, affecting expected returns, priority in payouts, and the share’s market value; think of them like a delayed paycheck compared with a regular salary.
Single Incentive Plan financial
"previously awarded to the Reporting Person under the Company's Single Incentive Plan"
pooled sale financial
"sold on behalf of the Reporting Person as part of a pooled sale conducted"
South African rand financial
"The underlying transaction was denominated in South African rand ("ZAR")."

FAQ

What insider transactions did DRD executive Mashatola Mpho report on this Form 4?
The filing reports that 11,721 Deferred Shares vested on August 13, 2026 and were settled into Ordinary Shares for no consideration, and that 5,275 Ordinary Shares were then sold in a pooled sale on August 31 and September 1, 2026, with 6,446 shares retained.

How many DRDGOLD (DRD) shares did the insider sell and at what price?
The insider reported selling 5,275 Ordinary Shares at an average price of $2.7545 per share. A footnote explains the underlying transaction was in South African rand, with an average sale price of ZAR 44.4764 per Ordinary Share, converted using the South African Reserve Bank exchange rate.

What happened to the 11,721 Deferred Shares reported by DRD on August 13, 2026?
On August 13, 2026, 11,721 Deferred Shares previously awarded under DRDGOLD’s Single Incentive Plan vested and were settled on a one-for-one basis in Ordinary Shares for no consideration, effectively converting the Deferred Shares into the same number of Ordinary Shares.

How many DRDGOLD (DRD) shares did the insider retain after the pooled sale?
According to the footnote, of the 11,721 Ordinary Shares received from vesting, 5,275 were sold in a pooled sale and the remaining 6,446 Ordinary Shares were transferred to and retained in the reporting person’s own name.

What are the reporting person’s holdings of Deferred Shares in DRD after these transactions?
The filing states that 72,900 Deferred Shares reported in Table II, Column 9 reflect the subsequent acquisition of Deferred Shares previously reported and represent the reporting person’s current holdings of Deferred Shares.

Were DRDGOLD (DRD) insider transactions made under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not describe any trading plan, so no Rule 10b5-1 trading plan is reported for these transactions.

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SEC Form 4
FORM 4UNITED 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*
Mashatola Mpho
(Last)(First)(Middle)
CYCAD HOUSE, BUILDING 17, GROUND FLOOR
CNR 14TH AVENUE AND HENDRIK POTGIETER RD
(Street)
WELTEVREDEN PARK1709
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Group Fin. & Business Dev. Mgr
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares08/13/2026M11,721(1)A$045,143D
Ordinary Shares09/01/2026S5,275(2)D$2.7545(3)39,868D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Shares$008/13/2026M11,721(1) (1) (1)Ordinary Shares11,721$072,900(4)D
Explanation of Responses:
1. On August 13, 2026, 11,721 deferred shares of DRDGOLD Limited (the "Company") previously awarded to the Reporting Person under the Company's Single Incentive Plan (the "Deferred Shares") vested and were settled on a one-for-one basis in Ordinary Shares for no consideration.
2. Represents 5,275 Ordinary Shares sold on behalf of the Reporting Person as part of a pooled sale conducted on August 31 and September 1, 2026, following the vesting and settlement of 11,721 Deferred Shares described in footnote 1. The remaining 6,446 Ordinary Shares were transferred to and retained in the Reporting Person's own name.
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 44.4764 per Ordinary Share.
4. The amount reported in Table II, Column 9 reflects the subsequent acquisition of Deferred Shares previously reported on the Reporting Person's Form 4 filed on August 27, 2026 and represents the Reporting Person's current holdings of Deferred Shares.
Remarks:
/s/ Mpho Mashatola09/03/2026
** Signature of Reporting PersonDate
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