Menell Richard Peter 4

What Happened

• Richard Peter Menell, a director of Sibanye Stillwater Ltd (SBSW), made an open-market/private purchase of 2,500 American Depositary Shares (ADS) on 2026-03-24 at $11.43 per ADS, for a total purchase price of $28,575. This was a direct purchase (transaction code P), not an option exercise or award — purchases are often viewed as a more informative insider action than routine sales, though motivations are not disclosed.

Key Details

• Transaction date: 2026-03-24; Filing date: 2026-03-25 (filed within the normal Form 4 reporting window).
• Price and amount: 2,500 ADS at $11.43 per ADS; total = $28,575.
• Ordinary-share equivalent: Each ADS represents 4 ordinary shares (footnote F1), so this equals 10,000 ordinary shares.
• Shares owned after transaction: Not reported in the provided filing details.
• Transaction type/code: Purchase (P). No 10b5-1 plan, tax withholding, or late-filing indication noted in the supplied data.

Context

• This was a straightforward ADS purchase — not an option exercise, gift, or award — so it directly increases the insider’s stake. For retail investors, insider purchases can signal confidence but should be considered alongside other fundamentals and market factors.