Royal Gold officer plans $131K, 500-share sale

Rhea-AI Filing Summary

ROYAL GOLD, INC. (RGLD) has a notice of proposed sale under Rule 144 filed for officer Randy Shefman. The notice covers 500 shares of common stock, with an indicated aggregate market value of $131,400, to be sold through Morgan Stanley Smith Barney LLC, with a proposed sale date of August 28, 2026. The shares derive from restricted stock awards acquired on August 18, 2025 and February 27, 2026. The filer also reports a prior sale of 500 common shares for $107,925 on June 16, 2026.

Key Figures

Shares of common stock to be sold: 500 shares Aggregate market value of shares to be sold: $131,400.00 Shares acquired as restricted stock on August 18, 2025: 112 shares +3 more

6 metrics

Shares of common stock to be sold 500 shares Proposed Rule 144 sale by officer Randy Shefman

Aggregate market value of shares to be sold $131,400.00 Estimated value of 500 Royal Gold common shares for proposed sale

Shares acquired as restricted stock on August 18, 2025 112 shares Portion of restricted stock from issuer underlying the proposed sale

Shares acquired as restricted stock on February 27, 2026 388 shares Portion of restricted stock from issuer underlying the proposed sale

Shares sold in past 3 months 500 shares Common stock sold on June 16, 2026 by Randy Shefman

Proceeds from shares sold on June 16, 2026 $107,925.00 Sale of 500 Royal Gold common shares in prior 3-month period

Key Terms

Rule 144, restricted stock, aggregate market value, Issuer

4 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 financial

"Common | 08/18/2025 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

aggregate market value financial

"500 | 131400.00 | 84727857 | 08/28/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Issuer regulatory

"Restricted Stock | Issuer | | | 112 | 08/18/2025"

FAQ

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

What does the Form 144 filing disclose for ROYAL GOLD, INC. (RGLD)?

It discloses that officer Randy Shefman has filed a notice under Rule 144 to sell 500 shares of Royal Gold common stock, with an aggregate market value of $131,400, through Morgan Stanley Smith Barney LLC, with a proposed sale date of August 28, 2026.

How many RGLD shares are proposed to be sold and at what value?

The notice covers 500 shares of Royal Gold common stock with an indicated aggregate market value of $131,400. This reflects the filer’s estimate for the shares to be sold under Rule 144 as of the proposed sale date.

Who is the insider selling Royal Gold (RGLD) shares under this Form 144?

The selling person is Randy Shefman, identified as an officer of Royal Gold, Inc. The filing states that the securities are being sold for his account, and it provides his name and relationship to the issuer.

What is the proposed sale date for the RGLD shares in this Form 144?

The proposed sale date is August 28, 2026. The Form 144 states this date in the section listing the 500 shares of common stock to be sold, along with the aggregate market value and exchange information.

What prior sales of RGLD shares did Randy Shefman report?

The filing reports that 500 shares of Royal Gold common stock were sold on June 16, 2026 for total proceeds of $107,925. This transaction is listed in the section covering securities sold during the past three months.

What type of securities are being sold in this Royal Gold (RGLD) Form 144?

The securities are common stock of Royal Gold, Inc., derived from restricted stock acquired from the issuer on August 18, 2025 and February 27, 2026, in amounts of 112 and 388 shares respectively, totaling 500 shares.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/28/2026 - 04:59 PM EDT Accepted by SEC EDGAR 08/28/2026 - 04:58 PM EDT 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	0001796187
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	(303) 573-1660
Name of Person for Whose Account the Securities are To Be Sold	RANDY SHEFMAN
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	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	500	131400.00	84727857	08/28/2026	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	08/18/2025	Restricted Stock	Issuer			112	08/18/2025	Not Applicable
Common	02/27/2026	Restricted Stock	Issuer			388	02/27/2026	Not Applicable

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
RANDY SHEFMAN 1144 15TH STREET SUITE 2500 Denver CO 80202	Common	06/16/2026	500	107925.00

144: Remarks and Signature

Remarks
Date of Notice	08/28/2026
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/ Randy Shefman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)