Sibanye Stillwater (SBSW) director adds 12,000 Ordinary Shares

Rhea-AI Filing Summary

Sibanye Stillwater Ltd director Maphai Thabane Vincent bought 12,000 Ordinary Shares in an open-market transaction at $13.34 per share. The purchase on March 16, 2026 increased his directly held stake to 140,178 shares. The filing also lists indirect holdings of 102,135 shares through Elderberry Investments 71 Pty Ltd and 2,500 shares held via his daughter’s Matlhalerweng Holdings.

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
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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^*

Maphai Thabane Vincent

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol
[SSW]

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		P		12,000	A	$13.34	140,178	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 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/ Vincent Thabane Maphai	03/19/2026
	** 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 Maphai Thabane Vincent?

Sibanye Stillwater reported that director Maphai Thabane Vincent made an open-market purchase of 12,000 Ordinary Shares. The shares were bought at $13.34 per share, increasing his directly held position to 140,178 shares after the transaction.

At what price did the Sibanye Stillwater (SBSW) director buy new shares?

The director bought the new Sibanye Stillwater shares at $13.34 per share. This price applied to the entire 12,000 Ordinary Shares acquired in the open-market purchase, as disclosed in the Form 4 insider trading report filed for March 16, 2026.

How many Sibanye Stillwater (SBSW) shares does Maphai Thabane Vincent hold directly after this Form 4?

After the reported transaction, the director directly holds 140,178 Ordinary Shares of Sibanye Stillwater. This figure reflects his position following the open-market purchase of 12,000 shares on March 16, 2026 as disclosed in the insider filing.

What indirect Sibanye Stillwater (SBSW) holdings are reported for Maphai Thabane Vincent?

The filing shows indirect ownership of 102,135 Ordinary Shares through Elderberry Investments 71 Pty Ltd. It also reports 2,500 Ordinary Shares held by his daughter through Matlhalerweng Holdings, both categorized as indirect interests in Sibanye Stillwater.

Was the Sibanye Stillwater (SBSW) insider transaction a purchase or a sale?

The insider transaction was a purchase. Director Maphai Thabane Vincent executed an open-market buy of 12,000 Ordinary Shares, with no reported sales in this Form 4. The transaction direction in the data is clearly labeled as a net-buy.

Does the Sibanye Stillwater (SBSW) Form 4 show any derivative or options activity?

The Form 4 shows no derivative transactions for this reporting period. The derivativeSummary section is empty, and all reported positions relate to Ordinary Shares, covering both the direct purchase and the listed indirect holdings.