RGLD SVP sells 500 Royal Gold shares at $215.85

ROYAL GOLD INC senior vice president and general counsel Randy Shefman reported an open-market sale of 500 shares of Common Stock at $215.85 per share.

Rhea-AI Filing Summary

ROYAL GOLD INC senior vice president and general counsel Randy Shefman reported an open-market sale of 500 shares of Common Stock at $215.85 per share. After this transaction, he directly holds 8,582 shares, indicating a relatively small reduction in his reported ownership position.

Insights

Equity compensation and insider-trading analyst

RGLD insider makes a small open-market sale, overall position remains sizable.

The filing shows Randy Shefman, SVP & General Counsel of ROYAL GOLD INC, executed an open-market sale of 500 Common Stock shares at $215.85 each. This is categorized as a standard sale transaction under the S code.

Following the sale, Shefman still directly holds 8,582 shares, so the disposition represents a modest portion of his disclosed holdings. There are no remaining derivative positions listed in this filing, and no footnotes describe special arrangements or indirect ownership structures.

Because the transaction size is relatively small compared with his post-transaction holdings, it appears as a routine liquidity event rather than a transformative change in insider ownership. Future company filings may add context on any additional transactions or changes in his equity exposure.

Insider Trade Summary

Net Seller: 500 shares

Net Sell 1 txn

Insider Shefman Randy

Role SVP & General Counsel

Sold 500 shs ($108K)

Type	Security	Shares	Price	Value
Sale	Common Stock	500	$215.85	$108K

Holdings After Transaction: Common Stock — 8,582 shares (Direct)

Key Figures

Shares sold: 500 shares Sale price: $215.85 per share Shares held after transaction: 8,582 shares +1 more

4 metrics

Shares sold 500 shares Open-market sale of Common Stock

Sale price $215.85 per share Price received in the reported sale

Shares held after transaction 8,582 shares Direct ownership following the sale

Net shares sold 500 shares Net change from this Form 4 (non-derivative)

Key Terms

open-market sale, Common Stock, transaction code S

3 terms

open-market sale financial

"reported an open-market sale of 500 shares of Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"500 shares of Common Stock at $215.85 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code S financial

"classified as an open-market sale of Common Stock, reflected by transaction code S"

FAQ

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

What insider transaction did ROYAL GOLD INC (RGLD) report for Randy Shefman?

ROYAL GOLD INC reported that Randy Shefman, its SVP & General Counsel, sold 500 shares of Common Stock in an open-market transaction at $215.85 per share. This filing documents a single non-derivative sale transaction under the standard S transaction code.

How many ROYAL GOLD INC (RGLD) shares did Randy Shefman retain after the sale?

After the reported sale, Randy Shefman directly holds 8,582 ROYAL GOLD INC Common Stock shares. This means the 500 shares sold represent only a small portion of his disclosed ownership, leaving his overall position still relatively sizeable following the transaction.

Was the ROYAL GOLD INC (RGLD) insider trade an open-market sale?

Yes. The transaction is classified as an open-market sale of Common Stock, reflected by transaction code S and described as a "Sale in open market or private transaction". The reported sale price was $215.85 per share for 500 shares sold directly.

Does the ROYAL GOLD INC (RGLD) Form 4 show any derivative securities for Randy Shefman?

No. The Form 4 data shows no derivative transactions or remaining derivative positions for Randy Shefman. The filing only reports one non-derivative transaction involving Common Stock and indicates that 8,582 shares are held directly after this open-market sale.

Is the ROYAL GOLD INC (RGLD) insider transaction a buy or a sell?

The transaction is a sell. Randy Shefman disposed of 500 ROYAL GOLD INC Common Stock shares in an open-market sale at $215.85 per share, reducing his direct holdings to 8,582 shares according to the Form 4 transaction summary data.

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

Form 4 Insider Transactions: What Each Field Means →

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

Add on Google Not now

Accepted by SEC EDGAR 06/16/2026 - 02:24 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Shefman Randy

(Last) (First) (Middle)

1144 15TH STREET, SUITE 2500

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ROYAL GOLD INC [ RGLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/16/2026		S		500	D	$215.85	8,582	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Michelle Perry, by power of attorney	06/16/2026
	** 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 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)