Sibanye Stillwater (SBSW) CFO buys 148,819 ordinary shares

Rhea-AI Filing Summary

Sibanye Stillwater Ltd Chief Financial Officer Charl Keyter reported an open-market purchase of 148,819 ordinary shares at an average price of $11.63 per share. Following this transaction, he directly owns 1,965,000 ordinary shares and has indirect ownership of 10,300 shares held by his spouse.

Insider Trade Summary

Net Buyer: 148,819 shares ($1,730,765)

Net Buy 2 txns

Insider Keyter Charl

Role Chief Financial Officer

Bought 148,819 shs ($1.73M)

Type	Security	Shares	Price	Value
Purchase	Ordinary Shares	148,819	$11.63	$1.73M
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 1,965,000 shares (Direct); Ordinary Shares — 10,300 shares (Indirect, By Spouse)

Footnotes (1)

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^*

Keyter Charl

(Last) (First) (Middle)

CNR 14TH AVE & HENDRIK POTIETER

BRIDGEVIEW HSE, BLD 11, CONSTANTIA OFF.

(Street)

WELTEVREDEN PARK 1709

(City) (State) (Zip)

SOUTH AFRICA

(Country)

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

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

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

2a. Foreign Trading Symbol
[SSW]

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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
Ordinary Shares	03/20/2026		P		148,819	A	$11.63	1,965,000	D
Ordinary Shares								10,300	I	By Spouse

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:

	/s/ Charl Keyter	03/20/2026
	** 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 Sibanye Stillwater (SBSW) report for Charl Keyter?

Sibanye Stillwater reported that CFO Charl Keyter bought 148,819 ordinary shares in an open-market transaction. The shares were acquired at an average price of $11.63 per share, signaling a sizeable increase in his direct equity exposure.

At what price did Sibanye Stillwater (SBSW) CFO buy his shares?

The CFO purchased 148,819 Sibanye Stillwater ordinary shares at an average price of $11.63 each. This transaction was classified as an open-market purchase under code P, indicating a direct market trade rather than a stock grant or option exercise.

How many Sibanye Stillwater (SBSW) shares does the CFO own after this filing?

After the reported transaction, the CFO directly owns 1,965,000 ordinary shares of Sibanye Stillwater. He also has indirect ownership of 10,300 additional shares held by his spouse, reflecting both personal and family-related holdings in the company.

Was the Sibanye Stillwater (SBSW) CFO’s transaction a buy or a sell?

The transaction was a buy. The Form 4 classifies it as an open-market purchase, with the CFO acquiring 148,819 ordinary shares. There were no reported sales in this filing, and the net share change reflects a net-buy position for the period.

Are any Sibanye Stillwater (SBSW) shares held indirectly for the CFO?

Yes. In addition to his direct holdings, the filing shows 10,300 ordinary shares held indirectly by the CFO’s spouse. These shares are reported as indirect ownership, labeled with the nature of ownership “By Spouse” in the Form 4 data.

Does this Sibanye Stillwater (SBSW) Form 4 include derivative securities?

No derivative securities are listed in this Form 4. The filing only reports transactions and holdings in ordinary shares, and the derivative section is empty, indicating no option or similar derivative activity in this particular report.