Royal Gold (RGLD) CFO executes 3,200-share 10b5-1 stock sales

Rhea-AI Filing Summary

Royal Gold Inc. Senior Vice President and Chief Financial Officer Paul Libner reported selling a total of 3,200 shares of common stock in open-market transactions on March 4, 2026. The sales, executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, were completed at weighted average prices between $279.94 and $286.68 per share. Following these transactions, Libner directly holds 15,967 Royal Gold common shares.

Insider Trade Summary

Net Seller: 3,200 shares ($907,119)

Net Sell 6 txns

Insider Libner Paul

Role SVP & CFO

Sold 3,200 shs ($907K)

Type	Security	Shares	Price	Value
Sale	Common Stock	200	$280.20	$56K
Sale	Common Stock	700	$281.42	$197K
Sale	Common Stock	700	$282.82	$198K
Sale	Common Stock	500	$283.66	$142K
Sale	Common Stock	100	$284.41	$28K
Sale	Common Stock	1,000	$285.84	$286K

Holdings After Transaction: Common Stock — 18,967 shares (Direct)

Footnotes (1)

1. The reporting person's sales reported in this Form 4 were effected pursuant to a written plan adopted by the reporting person on December 3, 2025 in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $279.94 to $280.45, 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. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $280.95 to $281.74, inclusive. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $282.32 to $283.25, inclusive. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $283.38 to $284.05, inclusive. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $285.75 to $286.68, inclusive.

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).

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^*

Libner Paul

(Last) (First) (Middle)

1144 15TH STREET, SUITE 2500

(Street)

DENVER CO 80202

(City) (State) (Zip)

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 & CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/04/2026		S		200(1)	D	$280.2(2)	18,967	D
Common Stock	03/04/2026		S		700(1)	D	$281.42(3)	18,267	D
Common Stock	03/04/2026		S		700(1)	D	$282.82(4)	17,567	D
Common Stock	03/04/2026		S		500(1)	D	$283.66(5)	17,067	D
Common Stock	03/04/2026		S		100(1)	D	$284.41	16,967	D
Common Stock	03/04/2026		S		1,000(1)	D	$285.84(6)	15,967	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 December 3, 2025 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 $279.94 to $280.45, 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 $280.95 to $281.74, inclusive.

4. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $282.32 to $283.25, inclusive.

5. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $283.38 to $284.05, inclusive.

6. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $285.75 to $286.68, inclusive.

Remarks:

	Michelle Perry, by power of attorney	03/04/2026
	** Signature of Reporting Person	Date
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