Rule 144 notice: 500 performance shares reported

RGLD related Rule 144 notice: Morgan Stanley Smith Barney LLC submitted a notice concerning 500 performance shares dated 03/03/2025.

Rhea-AI Filing Summary

RGLD related Rule 144 notice: Morgan Stanley Smith Barney LLC submitted a notice concerning 500 performance shares dated 03/03/2025. The filing also reports that Randy Shefman sold 1,000 common shares on 05/11/2026 for $243,735.

The notice lists the broker/dealer contact and identifies the securities as common stock being reported under Rule 144; no proceeds recipient or additional terms are stated in the excerpt.

Insights

Securities Attorney

Rule 144 notice documents planned/resale activity and recent disposals.

The filing records a broker-dealer submission for 500 performance shares dated 03/03/2025 and discloses a prior sale of 1,000 common shares on 05/11/2026 for $243,735.

These filings are informational; timing and proceeds treatment beyond the stated sale are not provided in the excerpt. Subsequent transfer documentation or a Form 4/5 may provide further ownership details.

Key Figures

Performance shares reported: 500 shares Recent sale quantity: 1,000 shares Proceeds from recent sale: $243,735 +1 more

4 metrics

Performance shares reported 500 shares Securities To Be Sold dated 03/03/2025

Recent sale quantity 1,000 shares Securities Sold During The Past 3 Months by Randy Shefman on 05/11/2026

Proceeds from recent sale $243,735 Consideration for 1,000 shares sold on 05/11/2026

Broker-dealer Morgan Stanley Smith Barney LLC Listed as submitting broker with address

Key Terms

Rule 144, Performance Shares, Securities Sold During The Past 3 Months

3 terms

Rule 144 regulatory

"Securities To Be Sold; broker submission under 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.

Performance Shares financial

"Common | 03/03/2025 | Performance Shares | Issuer"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Securities Sold During The Past 3 Months regulatory

"Section lists Randy Shefman sale on 05/11/2026"

FAQ

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

What does this Form 144 disclosure for RGLD report?

It reports a broker submission for 500 performance shares dated 03/03/2025 and a prior sale of 1,000 common shares on 05/11/2026 realized at $243,735. The filing lists the broker-dealer contact.

Who is the broker-dealer listed in the RGLD Form 144?

The filing lists Morgan Stanley Smith Barney LLC with an address at 1 New York Plaza, 8th Floor, New York, NY 10004. That broker is named as the submitting broker-dealer for the notice.

How many shares were sold recently by Randy Shefman in the filing?

The excerpt discloses that Randy Shefman sold 1,000 common shares on 05/11/2026 for a total of $243,735. This sale appears in the "Securities Sold During The Past 3 Months" section.

Does this Form 144 state who received the sale proceeds for the 500 shares?

The excerpt does not identify a proceeds recipient for the 500 performance shares. The filing lists the securities to be sold and broker details but does not state proceeds allocation in the provided text.

Are the 500 performance shares being sold now or previously?

The filing lists 500 performance shares with the date 03/03/2025 under "Securities To Be Sold," indicating those shares are reported in the notice; sale status or closing mechanics are not further described in the excerpt.

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

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Accepted by SEC EDGAR 06/16/2026 - 04:04 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	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	107925.00	84866602	06/16/2026	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	03/03/2025	Performance Shares	Issuer			500	03/03/2025	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	05/11/2026	1000	243735.00

144: Remarks and Signature

Remarks
Date of Notice	06/16/2026
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)