Royal Gold CEO sells 7,275 shares under plan

Royal Gold’s president and CEO sold 7,275 shares in pre-planned Rule 10b5-1 trades at prices around $260–$265 on September 3, 2026.

Rhea-AI Filing Summary

ROYAL GOLD INC (RGLD) reported that President & CEO William Holmes Heissenbuttel sold a total of 7,275 shares of common stock on September 3, 2026 in multiple open-market or private transactions. The sales were made at weighted average prices between $259.98 and $264.59 per share and were effected under a written trading plan adopted on June 4, 2026 in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934.

Insider Trade Summary 10b5-1

Net Seller: 7,275 shares

Net Sell 5 txns

Insider Heissenbuttel William Holmes

Role President & CEO

Sold 7,275 shs ($1.92M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	57	$259.98	$15K
Sale	Common Stock F1, F3	1,608	$261.31	$420K
Sale	Common Stock F1, F4	877	$262.31	$230K
Sale	Common Stock F1, F5	1,173	$263.53	$309K
Sale	Common Stock F1, F6	3,560	$264.59	$942K

Holdings After Transaction: Common Stock — 117,522 shares (Direct)

Footnotes (6)

1. F1. The reporting person's sales reported in this Form 4 were effected pursuant to a written plan adopted by the reporting person on June 4, 2026 in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934.
2. F2. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $259.69 to $260.68, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
3. F3. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $260.72 to $261.61, inclusive.
4. F4. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $261.91 to $262.72, inclusive.
5. F5. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $263.02 to $264.01, inclusive.
6. F6. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $264.02 to $264.89, inclusive.

Key Figures

Total shares sold: 7,275 shares Shares sold at $259.98: 57 shares Shares sold at $261.31: 1,608 shares +5 more

8 metrics

Total shares sold 7,275 shares Common stock sold by the President & CEO on September 3, 2026

Shares sold at $259.98 57 shares Weighted average sale price $259.98 per share on September 3, 2026

Shares sold at $261.31 1,608 shares Weighted average sale price $261.31 per share on September 3, 2026

Shares sold at $262.31 877 shares Weighted average sale price $262.31 per share on September 3, 2026

Shares sold at $263.53 1,173 shares Weighted average sale price $263.53 per share on September 3, 2026

Shares sold at $264.59 3,560 shares Weighted average sale price $264.59 per share on September 3, 2026

Lowest trade price range $259.69–$260.68 per share Price range for the smallest tranche sold on September 3, 2026

Highest trade price range $264.02–$264.89 per share Price range for the largest tranche sold on September 3, 2026

Key Terms

Rule 10b5-1(c), weighted average sale price, open market or private transaction

3 terms

Rule 10b5-1(c) regulatory

"adopted by the reporting person on June 4, 2026 in accordance with Rule 10b5-1(c)"

Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

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

What insider transaction did RGLD report for its CEO on this Form 4?

ROYAL GOLD INC reported that President & CEO William Holmes Heissenbuttel sold 7,275 shares of common stock on September 3, 2026 in multiple open-market or private transactions at weighted average prices between about $260 and $265 per share.

Were the RGLD CEO’s September 3, 2026 share sales under a Rule 10b5-1 plan?

Yes. A footnote states the CEO’s sales were effected pursuant to a written plan adopted on June 4, 2026 in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934.

How many RGLD shares did the CEO sell in each reported transaction?

On September 3, 2026, the CEO sold 57, 1,608, 877, 1,173 and 3,560 shares of Royal Gold common stock across five separate transactions, totaling 7,275 shares sold.

What prices did the RGLD CEO receive for the September 3, 2026 stock sales?

The Form 4 lists weighted average sale prices of $259.98, $261.31, $262.31, $263.53 and $264.59 per share, with underlying trade price ranges from $259.69 up to $264.89, inclusive, across the five transactions.

What role does William Holmes Heissenbuttel hold at ROYAL GOLD INC?

The reporting person, William Holmes Heissenbuttel, is identified as President & CEO and also as a director of ROYAL GOLD INC in the Form 4.

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

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Available on EDGAR 09/08/2026 - 04:17 PM Accepted by SEC EDGAR 09/08/2026 - 04:17 PM 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).

X

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^*

Heissenbuttel William Holmes

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026

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	09/03/2026		S		57(1)	D	$259.98(2)	124,740	D
Common Stock	09/03/2026		S		1,608(1)	D	$261.31(3)	123,132	D
Common Stock	09/03/2026		S		877(1)	D	$262.31(4)	122,255	D
Common Stock	09/03/2026		S		1,173(1)	D	$263.53(5)	121,082	D
Common Stock	09/03/2026		S		3,560(1)	D	$264.59(6)	117,522	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:

1. The reporting person's sales reported in this Form 4 were effected pursuant to a written plan adopted by the reporting person on June 4, 2026 in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934.

2. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $259.69 to $260.68, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

3. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $260.72 to $261.61, inclusive.

4. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $261.91 to $262.72, inclusive.

5. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $263.02 to $264.01, inclusive.

6. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $264.02 to $264.89, inclusive.

Remarks:

	Michelle Perry, by power of attorney	09/08/2026
	** 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)