DRDGOLD (DRD) Head of Production Henry Gouws Sells 16,826 Shares

What Happened
Henry Gouws, Head of Production and a director at DRDGOLD Ltd (DRD), had 16,826 deferred shares vest and be settled one-for-one into ordinary shares on August 13, 2026 (no cash paid). Those 16,826 ordinary shares were then sold in a pooled sale conducted August 31–September 1, 2026 at an average price of ZAR 44.4764 per share (converted to USD), reported as $2.75 per share, for total proceeds of $46,347.

Key Details

• Vesting/settlement: August 13, 2026 — 16,826 deferred shares converted to ordinary shares at no cost (footnote F1).
• Sale: pooled sale on August 31 and September 1, 2026 — 16,826 shares sold at an average ZAR 44.4764 / share, reported as $2.75 / share, total $46,347 (footnote F2, F3).
• Post-transaction holdings: the 16,826 vested shares were fully sold; the filing notes the reporting person still holds Deferred Shares reported previously (see F4 for current deferred-share holdings).
• Filing timing: Form 4 was filed September 3, 2026. The August 13 vesting/settlement was reported after the usual two-business-day deadline for Form 4s; the September 1 sale was reported within two business days of that sale date.
• Conversion note: the underlying amounts were denominated in South African rand and converted to USD using the South African Reserve Bank rate (F3).

Context
This was a settlement of previously awarded deferred shares (an award converting to ordinary shares) followed by a sale of those newly issued shares. That sequence (vesting/settlement then immediate sale via pooled sale) is common for compensation awards being monetized and does not by itself indicate the insider’s broader view of the company.