Royal Gold SVP gifts 40 shares of stock

Royal Gold’s SVP of Operations reported a small bona fide gift of company shares, leaving him with 11,023 shares held directly.

Rhea-AI Filing Summary

ROYAL GOLD INC (RGLD) senior vice president of operations Martin Raffield reported a bona fide gift of 40 shares of common stock on September 11, 2026, at no stated price. After this charitable transfer, he holds 11,023 shares of Royal Gold common stock directly.

Insider Trade Summary

40 shares gifted

Gift 1 txn

Insider Raffield Martin

Role SVP, Operations

Type	Security	Shares	Price	Value
Gift	Common Stock	40	$0.00	$0.00

Holdings After Transaction: Common Stock — 11,023 shares (Direct)

Key Figures

Shares gifted: 40 shares Price per share: $0.00 per share Shares held after transaction: 11,023 shares

3 metrics

Shares gifted 40 shares Bona fide gift of Royal Gold common stock on September 11, 2026

Price per share $0.00 per share Reported value for the bona fide gift transaction

Shares held after transaction 11,023 shares Direct holdings of Martin Raffield following the September 11, 2026 gift

Key Terms

bona fide gift, gift disposition

2 terms

bona fide gift financial

"The transaction is reported as a bona fide gift of 40 shares."

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

gift disposition financial

"The filing characterizes the event as a gift disposition of shares."

FAQ

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

What insider transaction did Royal Gold (RGLD) report for Martin Raffield?

Royal Gold reported that SVP, Operations Martin Raffield made a bona fide gift of 40 shares of Royal Gold common stock on September 11, 2026, with no cash consideration reported for the transfer.

How many Royal Gold (RGLD) shares did Martin Raffield give away?

Martin Raffield reported a bona fide gift of 40 shares of Royal Gold common stock on September 11, 2026. The transaction carried a reported price of $0.00 per share, consistent with a non-cash charitable or personal gift transfer.

What are Martin Raffield’s Royal Gold (RGLD) holdings after this Form 4 transaction?

Following the reported gift, Martin Raffield directly holds 11,023 shares of Royal Gold common stock. This figure reflects his position after the September 11, 2026 bona fide gift of 40 shares disclosed in the Form 4.

Was the Royal Gold (RGLD) insider gift under a Rule 10b5-1 trading plan?

The filing indicates no Rule 10b5-1 trading plan for this transaction, as the document-level checkbox affirming trades under such a plan is not selected. The reported bona fide gift therefore is not described as pre-arranged under Rule 10b5-1.

Is the Martin Raffield transaction on Royal Gold (RGLD) a purchase or sale?

The Form 4 characterizes the September 11, 2026 transaction as a bona fide gift, coded as a gift disposition, not as a purchase or sale. It involves transferring 40 shares of Royal Gold common stock without reported cash consideration.

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

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Available on EDGAR 09/11/2026 - 12:10 PM Accepted by SEC EDGAR 09/11/2026 - 12:10 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).

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^*

Raffield Martin

(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, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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	09/11/2026		G		40	D	$0	11,023	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	09/11/2026
	** 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)