Sasol EVP discloses ADR-based share holdings

Sasol Ltd Executive Vice President for Marketing and Sales, Christiaan Horst Herrmann, has filed an initial Form 3 reporting his equity holdings in the company.

Rhea-AI Filing Summary

Sasol Ltd Executive Vice President for Marketing and Sales, Christiaan Horst Herrmann, has filed an initial Form 3 reporting his equity holdings in the company. The filing lists multiple direct positions in American Depositary Receipts (ADRs), each convertible into one ordinary Sasol share. Reported ADR-based holdings correspond to 4,773, 6,734, 5,663, 4,236 and 11,747 underlying ordinary shares. Footnotes explain that each ADR is convertible at any time at the holder’s election, and that several awards will vest on specific dates in 2026, 2027 and 2029, after which they remain continuously convertible with no expiration date.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Herrmann Christiaan Horst

Role EVP, Marketing and Sales

Type	Security	Shares	Price	Value
holding	American Depository Receipts	--	--	--
holding	American Depository Receipts	--	--	--
holding	American Depository Receipts	--	--	--
holding	American Depository Receipts	--	--	--
holding	American Depository Receipts	--	--	--

Holdings After Transaction: American Depository Receipts — 33,153 contracts (Direct)

Footnotes (5)

1. F1. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, into one Ordinary Share of the Issuer. The ADRs have no expiration date.
2. F2. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on September 27, 2026, into one Ordinary Share of the Issuer. The ADRs have no expiration date.
3. F3. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on September 6, 2027, into one Ordinary Share of the Issuer. The ADRs have no expiration date.
4. F4. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on August 26, 2029, into one Ordinary Share of the Issuer. The ADRs have no expiration date.
5. F5. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on August 26, 2029, into one Ordinary Share of the Issuer. The ADRs have no expiration date.

Key Figures

ADR holding 1: 4,773 underlying ordinary shares ADR holding 2: 6,734 underlying ordinary shares ADR holding 3: 5,663 underlying ordinary shares +5 more

8 metrics

ADR holding 1 4,773 underlying ordinary shares Direct holding via American Depositary Receipts

ADR holding 2 6,734 underlying ordinary shares Direct holding via American Depositary Receipts

ADR holding 3 5,663 underlying ordinary shares Direct holding via American Depositary Receipts

ADR holding 4 4,236 underlying ordinary shares Direct holding via American Depositary Receipts

ADR holding 5 11,747 underlying ordinary shares Direct holding via American Depositary Receipts

Vesting date 1 September 27, 2026 ADR award vests; then continuously convertible

Vesting date 2 September 6, 2027 ADR award vests; then continuously convertible

Vesting date 3 August 26, 2029 ADR awards vest; then continuously convertible

Key Terms

American Depositary Receipt (ADR), Form 3, beneficial ownership, vesting, +1 more

5 terms

American Depositary Receipt (ADR) financial

"Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election"

An American depositary receipt (ADR) is a certificate that represents shares of a foreign company's stock, allowing it to be traded easily on U.S. stock exchanges. Think of it as a way for investors to buy and sell parts of a company from another country without dealing with complex international transactions. ADRs make it simpler for Americans to invest in foreign companies while providing some protections and conveniences.

Form 3 regulatory

"has filed an initial Form 3 reporting his equity holdings"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"initial beneficial ownership in Sasol through American Depositary Receipts"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

vesting financial

"once vested on September 27, 2026, into one Ordinary Share of the Issuer"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Executive Vice President financial

"Executive Vice President for Marketing and Sales, Christiaan Horst Herrmann"

An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Sasol (SSL) EVP Christiaan Horst Herrmann disclose in this Form 3?

He discloses his initial beneficial ownership in Sasol through American Depositary Receipts. The filing lists several direct ADR holdings, each convertible into one ordinary share, giving transparency into his equity exposure as Executive Vice President for Marketing and Sales.

How many Sasol (SSL) shares are represented by the ADR holdings reported?

The Form 3 shows several ADR positions representing 4,773, 6,734, 5,663, 4,236 and 11,747 underlying ordinary shares. Each American Depositary Receipt is convertible into one Sasol ordinary share, so these figures indicate the share-equivalent size of each award or holding.

Are the Sasol (SSL) ADRs reported by Herrmann subject to vesting conditions?

Some ADRs are subject to vesting before they become fully available to the holder. Footnotes state that certain awards will vest on September 27, 2026, September 6, 2027 and August 26, 2029, after which each ADR remains convertible into one ordinary share without expiration.

Do the Sasol (SSL) ADRs reported in the Form 3 have an expiration date?

The ADRs have no expiration date according to the footnotes. Once vested, each American Depositary Receipt can be converted at any time, at the holder’s election, into one Sasol ordinary share, providing ongoing flexibility regarding when to convert the position.

Is this Sasol (SSL) Form 3 a record of trades or just holdings?

This Form 3 functions as an initial statement of beneficial ownership rather than a trade report. The entries are classified as holdings, with no buy or sell transactions indicated, and show the number of underlying ordinary shares represented by the executive’s ADR positions.

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

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Accepted by SEC EDGAR 04/01/2026 - 06:29 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Herrmann Christiaan Horst

(Last) (First) (Middle)

SASOL PLACE

50 KATHERINE STREET

(Street)

SANDTON 2196

(City) (State) (Zip)

SOUTH AFRICA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
SASOL LTD [ SSL ]

3a. Foreign Trading Symbol
[SOL]

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Marketing and Sales

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)

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
American Depository Receipts	(1)	(1)	Ordinary Shares	4,773	(1)	D
American Depository Receipts	(2)	(2)	Ordinary Shares	6,734	(2)	D
American Depository Receipts	(3)	(3)	Ordinary Shares	5,663	(3)	D
American Depository Receipts	(4)	(4)	Ordinary Shares	4,236	(4)	D
American Depository Receipts	(5)	(5)	Ordinary Shares	11,747	(5)	D

Explanation of Responses:

1. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, into one Ordinary Share of the Issuer. The ADRs have no expiration date.

2. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on September 27, 2026, into one Ordinary Share of the Issuer. The ADRs have no expiration date.

3. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on September 6, 2027, into one Ordinary Share of the Issuer. The ADRs have no expiration date.

4. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on August 26, 2029, into one Ordinary Share of the Issuer. The ADRs have no expiration date.

5. Each American Depositary Receipt (ADR) is convertible at any time, at the holder's election, once vested on August 26, 2029, into one Ordinary Share of the Issuer. The ADRs have no expiration date.

Remarks:

Helaine Joubert is signing on behalf of the Reporting Person pursuant to the power of attorney dated February 20, 2026, which is attached hereto as an exhibit. Exhibit 24.1 - Power of Attorney.

	Helaine Joubert, as Attorney-in-Fact for Christiaan Herrmann	04/01/2026
	** 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.
* Form 3: SEC 1473 (03-26)