Royal Gold CEO sells 2,425 shares on October 5

The reported sales were made under a written Rule 10b5-1(c) plan adopted June 4, 2026.

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Form Type

Rhea-AI Filing Summary

Royal Gold Inc. (RGLD) President & CEO William Holmes Heissenbuttel sold 2,425 shares of common stock on October 5, 2026. The six reported sale entries list weighted-average prices of $230.2200 for 120 shares, $231.6200 for 160, $233.1000 for 280, $234.1700 for 841, $235.0500 for 983, and $235.8400 for 41.

The sales were effected under a written plan adopted June 4, 2026, in accordance with Rule 10b5-1(c). A separate holding entry lists 55,931 common shares held indirectly by a trust on October 5, 2026.

Insights

Analyzing...

Insider Trade Summary 10b5-1

Net Seller: 2,425 shares

Net Sell 7 txns

Insider Heissenbuttel William Holmes

Role President & CEO

Sold 2,425 shs ($568K)

Type	Security	Shares	Price	Value
Sale	Common Stock ^{F1, F2}	120	$230.22	$28K
Sale	Common Stock ^{F1, F3}	160	$231.62	$37K
Sale	Common Stock ^{F1, F4}	280	$233.10	$65K
Sale	Common Stock ^{F1, F5}	841	$234.17	$197K
Sale	Common Stock ^{F1, F6}	983	$235.05	$231K
Sale	Common Stock ^{F1, F7}	41	$235.84	$10K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 59,166 shares (Direct); Common Stock — 55,931 shares (Indirect, By trust)

Footnotes (7)

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.
F2. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $230.18 to $230.41, 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.
F3. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $231.39 to $231.79, inclusive.
F4. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $232.72 to $233.70, inclusive.
F5. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $233.72 to $234.68, inclusive.
F6. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $234.72 to $235.47, inclusive.
F7. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $235.84 to $235.98, inclusive.

Key Figures

Common shares sold: 2,425 shares Weighted average sale price: $230.2200 per share Weighted average sale price: $231.6200 per share +5 more

8 metrics

Common shares sold 2,425 shares October 5, 2026

Weighted average sale price $230.2200 per share 120-share sale on October 5, 2026

Weighted average sale price $231.6200 per share 160-share sale on October 5, 2026

Weighted average sale price $233.1000 per share 280-share sale on October 5, 2026

Weighted average sale price $234.1700 per share 841-share sale on October 5, 2026

Weighted average sale price $235.0500 per share 983-share sale on October 5, 2026

Weighted average sale price $235.8400 per share 41-share sale on October 5, 2026

Common shares held indirectly by trust 55,931 shares Holding entry dated October 5, 2026

Key Terms

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

3 terms

Rule 10b5-1(c) regulatory

"in accordance with Rule 10b5-1(c) of the Securities Exchange Act of 1934"

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

"reflects the weighted average sale price"

Sale in 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.

How many shares did RGLD's President & CEO sell, and at what prices?

William Holmes Heissenbuttel reported sales of 2,425 shares on October 5, 2026. The weighted-average prices were $230.2200 for 120 shares, $231.6200 for 160, $233.1000 for 280, $234.1700 for 841, $235.0500 for 983, and $235.8400 for 41.

Were the RGLD CEO's stock sales made under a Rule 10b5-1 plan?

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

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/06/2026 - 05:17 PM Accepted by SEC EDGAR 10/06/2026 - 05:16 PM

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^*

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)
10/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/05/2026		S		120⁽¹⁾	D	$230.22⁽²⁾	61,471	D
Common Stock	10/05/2026		S		160⁽¹⁾	D	$231.62⁽³⁾	61,311	D
Common Stock	10/05/2026		S		280⁽¹⁾	D	$233.1⁽⁴⁾	61,031	D
Common Stock	10/05/2026		S		841⁽¹⁾	D	$234.17⁽⁵⁾	60,190	D
Common Stock	10/05/2026		S		983⁽¹⁾	D	$235.05⁽⁶⁾	59,207	D
Common Stock	10/05/2026		S		41⁽¹⁾	D	$235.84⁽⁷⁾	59,166	D
Common Stock								55,931	I	By trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $230.18 to $230.41, 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 $231.39 to $231.79, inclusive.

4. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $232.72 to $233.70, inclusive.

5. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $233.72 to $234.68, inclusive.

6. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $234.72 to $235.47, inclusive.

7. The price reported above reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $235.84 to $235.98, inclusive.

Remarks:

	Michelle Perry, by power of attorney	10/06/2026
	** 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)

Source: View Original Filing on SEC EDGAR