Royal Gold insider plans $2.5M share sale

A Royal Gold insider has filed to sell 9,700 Rule 144 shares valued at about $2.5 million acquired from vested restricted stock units.

Rhea-AI Filing Summary

ROYAL GOLD INC (RGLD) has a beneficial holder, William H. Heissenbuttel, filing a notice of proposed sale of 9,700 shares of Royal Gold common stock under Rule 144.

The shares are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate market value listed as $2,506,286, and were acquired upon vesting of restricted stock units during the period of March 1, 2025 through March 2, 2026.

Key Figures

Shares to be sold: 9,700 shares Aggregate market value: $2,506,286 Acquisition/vesting period: March 1, 2025 through March 2, 2026 +1 more

4 metrics

Shares to be sold 9,700 shares Common stock covered by the Rule 144 notice

Aggregate market value $2,506,286 Value associated with the 9,700 Royal Gold common shares to be sold

Acquisition/vesting period March 1, 2025 through March 2, 2026 Period during which the restricted stock units vested and were acquired

Date of notice September 3, 2026 Date on which the Rule 144 notice was signed and dated

Key Terms

Rule 144, Restricted Stock Units, Securities to be sold

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Units financial

"The securities to be sold were acquired upon the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Securities to be sold financial

"144: Securities To Be Sold Common | 03/01/2025 | Restricted Stock Units"

FAQ

How many Royal Gold (RGLD) shares are planned to be sold in this Rule 144 filing?

The notice covers a proposed sale of 9,700 shares of Royal Gold, Inc. common stock. These shares are listed in the securities information section as the amount of common stock to be sold through the designated broker.

What is the approximate market value of the Royal Gold (RGLD) shares in this planned sale?

The filing lists an aggregate market value of $2,506,286 for the 9,700 shares of Royal Gold common stock to be sold. This value appears in the securities information section associated with the proposed transaction.

Who is the Royal Gold (RGLD) insider planning to sell shares under Rule 144?

The notice is filed for the account of William H. Heissenbuttel, whose signature appears on the document. His name is identified as the person for whose account the Royal Gold securities are to be sold.

How were the Royal Gold (RGLD) shares in this Rule 144 sale acquired?

The shares were acquired upon the vesting of restricted stock units. The remarks state that the securities to be sold were acquired upon vesting during the period from March 1, 2025 through March 2, 2026.

Which broker is handling the planned Rule 144 sale for Royal Gold (RGLD) shares?

The planned sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, identified in the securities information section as the broker handling the 9,700 Royal Gold common shares.

On which market are the Royal Gold (RGLD) shares in this filing listed?

The securities information section identifies the trading market as NASDAQ for the Royal Gold, Inc. common shares covered by this Rule 144 notice.

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

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Available on EDGAR 09/03/2026 - 05:50 PM Accepted by SEC EDGAR 09/03/2026 - 04:43 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001390606
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Royal Gold, Inc
SEC File Number	001-13357
Address of Issuer	1144 15th Street, Suite 2500 Denver COLORADO 80202
Phone	3035731600
Name of Person for Whose Account the Securities are To Be Sold	WILLIAM HEISSENBUTTEL
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	9700	2506286.00	84727857	09/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2025	Restricted Stock Units	Issuer			9700	03/01/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of restricted stock units during the period of 3/1/2025 through 3/2/2026 .
Date of Notice	09/03/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/04/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ William H. Heissenbuttel
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)