DRDGOLD (DRD) Financial Manager Laas Lihan Sells 9,029 Shares

What Happened
Laas Lihan, Financial Manager FWGR Operations at DRDGOLD Ltd (DRD), had 9,029 deferred shares vest and be settled one-for-one into ordinary shares on August 13, 2026 (no cash paid). Those shares were then sold in a pooled/open-market sale on August 31–September 1, 2026, for an aggregate reported proceeds of $24,870 (average reported price $2.75 per share, converted from ZAR).

Key Details

• Vesting/settlement: 9,029 deferred shares vested and were converted to 9,029 ordinary shares on 2026-08-13 (no consideration) [F1].
• Sale: 9,029 shares sold in pooled transactions on 2026-08-31 and 2026-09-01 for an average ZAR 44.4764/share (reported USD avg $2.75) — total reported proceeds $24,870 [F2, F3].
• Derivative notation: The conversion/settlement is reported as an exercise/conversion of a derivative (code M) and as an award/acquisition (code A) in the filing.
• Holdings after transaction: The filing notes current deferred-share holdings in Table II per footnote F4; the Form 4 does not show additional ordinary-share holdings beyond the settled/sold shares.
• Filing timeliness: This Form 4 was marked late. Late Form 4s can trigger internal compliance follow-up and may be reflected in SEC delinquent-filer listings.

Context
This sequence was a routine vest-and-sell: deferred shares vested and were converted into ordinary shares for no cash outlay, then those shares were sold (effectively realizing proceeds on the vested award). Such sales do not necessarily signal a change in view on the company; they are commonly done for compensation tax/liquidity reasons.