Sibanye Stillwater (SBSW) director discloses direct and indirect share stakes

Rhea-AI Filing Summary

Sibanye Stillwater Ltd director Maphai Thabane Vincent has filed an initial Form 3 showing his beneficial ownership of the company’s ordinary shares. He reports 128,178 shares held directly, 102,135 shares held indirectly through Elderberry Investments 71 Pty Ltd, and 2,500 shares held indirectly through his daughter via Matlhalerweng Holdings. The filing records holdings only and does not report any purchases or sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Maphai Thabane Vincent

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 128,178 shares (Direct); Ordinary Shares — 102,135 shares (Indirect, By Elderberry Investments 71 Pty Ltd)

Footnotes (1)

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Maphai Thabane Vincent

(Last) (First) (Middle)

CNR 14TH AVE & HENDRIK POTIETER

BRIDGEVIEW HSE, BLD 11, CONSTANTIA OFF.

(Street)

WELTEVREDEN PARK T3 1709

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Sibanye Stillwater Ltd [ SBSW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	128,178	D
Ordinary Shares	102,135	I	By Elderberry Investments 71 Pty Ltd
Ordinary Shares	2,500	I	By daughter of the Reporting Person through Matlhalerweng Holdings

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Thabane Vincent Maphai	03/17/2026
	** 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 5 (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.

FAQ

What does the Sibanye Stillwater (SBSW) Form 3 for Maphai Thabane Vincent show?

The Form 3 shows director Maphai Thabane Vincent’s existing beneficial ownership of Sibanye Stillwater ordinary shares. It lists his direct and indirect holdings as of the reporting date, without indicating any new transactions, purchases, or sales in the company’s stock.

How many Sibanye Stillwater (SBSW) shares does Maphai Thabane Vincent hold directly?

He reports direct ownership of 128,178 ordinary shares of Sibanye Stillwater Ltd. These shares are held in his own name, giving him direct economic exposure and voting rights associated with that specific portion of his disclosed ownership position.

What indirect Sibanye Stillwater (SBSW) holdings are reported via Elderberry Investments 71 Pty Ltd?

The filing reports 102,135 ordinary shares held indirectly through Elderberry Investments 71 Pty Ltd. This means an associated entity, rather than the director personally, is the recorded holder of those shares while still being attributed to him for beneficial ownership reporting.

What Sibanye Stillwater (SBSW) shares are reported through the director’s daughter and Matlhalerweng Holdings?

The Form 3 discloses 2,500 ordinary shares held indirectly by the director’s daughter through Matlhalerweng Holdings. These shares are attributed to him as indirect beneficial ownership, reflecting a family-related holding structure rather than shares registered directly in his own name.

Does the Sibanye Stillwater (SBSW) Form 3 indicate any recent share purchases or sales?

No, the Form 3 lists only holdings and shows no coded transactions, purchases, or sales. All three entries are classified as holdings, with transaction shares and prices left blank, indicating this filing is an initial ownership statement rather than a trade report.