Royal Gold (NASDAQ: RGLD) counsel sells 1,000 shares in open trade

Rhea-AI Filing Summary

Royal Gold Inc.'s SVP & General Counsel, Randy Shefman, sold 1,000 shares of Common Stock in an open-market transaction at $243.74 per share. After this sale, he directly holds 9,082 Royal Gold shares, indicating he retains a substantial remaining equity stake.

Insider Trade Summary

Net Seller: 1,000 shares ($243,740)

Net Sell 1 txn

Insider Shefman Randy

Role SVP & General Counsel

Sold 1,000 shs ($244K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,000	$243.74	$244K

Holdings After Transaction: Common Stock — 9,082 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 1,000 shares Sale price: $243.74 per share Shares held after transaction: 9,082 shares +1 more

4 metrics

Shares sold 1,000 shares Open-market sale of Royal Gold Common Stock

Sale price $243.74 per share Price for the 1,000-share open-market sale

Shares held after transaction 9,082 shares Direct Royal Gold holdings following the sale

Net shares sold 1,000 shares Net selling activity in the reported Form 4

Key Terms

Common Stock, open-market sale, Form 4, SVP & General Counsel

4 terms

Common Stock financial

"security_title: "Common Stock" in the non-derivative transaction"

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.

open-market sale financial

"transaction_action: "open-market sale" for the 1,000-share trade"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) heading describing the report type"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

SVP & General Counsel financial

"officer_title: "SVP & General Counsel" for Randy Shefman"

Form 4 Insider Transactions: What Each Field Means →

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)
05/11/2026

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	05/11/2026		S		1,000	D	$243.74	9,082	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	05/11/2026
	** 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)

FAQ

What insider transaction did Royal Gold (RGLD) report for Randy Shefman?

Royal Gold reported that SVP & General Counsel Randy Shefman executed an open-market sale of 1,000 shares of Common Stock. The transaction was recorded at a price of $243.74 per share and is disclosed in a Form 4 insider trading report.

At what price did Randy Shefman sell Royal Gold (RGLD) shares?

Randy Shefman sold 1,000 Royal Gold Common Stock shares at $243.74 per share. This price reflects the open-market transaction value recorded for the sale, as disclosed in the Form 4 filing covering the reported insider activity.

How many Royal Gold (RGLD) shares does Randy Shefman hold after the sale?

Following the reported sale, Randy Shefman directly holds 9,082 shares of Royal Gold Common Stock. This post-transaction figure comes from the Form 4 and shows his remaining stake after disposing of 1,000 shares in the open market.

Is the Randy Shefman Royal Gold (RGLD) transaction a buy or a sell?

The transaction is a sell. The Form 4 classifies it as an open-market sale of 1,000 Royal Gold Common Stock shares, using transaction code "S" and a transaction_direction field that explicitly identifies the activity as a sale rather than a purchase.

What role does Randy Shefman hold at Royal Gold (RGLD) in this Form 4?

In this Form 4, Randy Shefman is identified as an officer of Royal Gold, serving as SVP & General Counsel. The filing notes he is not a director or ten percent owner, but reports the transaction as directly owned Common Stock.

Does the Royal Gold (RGLD) Form 4 show any derivative security exercises?

No derivative security exercises appear in this Form 4. The filing lists only a single non-derivative transaction: an open-market sale of 1,000 shares of Common Stock, with no options, warrants, or other derivative positions reported in the derivativeSummary section.