DRDGOLD (DRD) Financial Manager Ryno Bornman Sells 5,490 Shares

What Happened

• Ryno Bornman, Financial Manager (Ergo Operations) at DRDGOLD Ltd (DRD), had 12,198 deferred shares vest and be converted one-for-one into ordinary shares on Aug 13, 2026 (settled for no cash). Following the vesting, 5,490 of those ordinary shares were sold in a pooled sale on Aug 31–Sep 1, 2026 for an average price of $2.75 per share, totaling $15,122. The remaining 6,708 ordinary shares from that settlement were transferred to and retained in Bornman’s name.

Key Details

• Vest/settlement: 12,198 deferred shares vested and were converted to ordinary shares on 2026-08-13 for $0.00 (one-for-one settlement). (F1)
• Sale: 5,490 ordinary shares sold on Aug 31–Sep 1, 2026 at an average reported price of $2.75 per share (total $15,122). The underlying price was ZAR 44.4764 per share; USD price converted using SARB rate. (F2, F3)
• Shares retained after transactions: 6,708 ordinary shares remained in the reporting person’s name after the pooled sale.
• Additional holdings: Table II (per F4) reflects subsequent deferred-share holdings previously reported on a Form 4 filed Aug 27, 2026.
• Filing: This Form 4 was filed on 2026-09-03 and discloses the Aug 13 vest/settlement and the Aug 31–Sep 1 sale; footnote F4 points to a related Form 4 filed Aug 27 for prior reporting of deferred-share activity.

Context

• The Aug 13 event was a vesting/settlement of deferred share awards (not an open-market purchase) — the shares were issued to the insider for no consideration. Part of those newly issued shares were sold shortly afterward in a pooled sale; this is a routine post-vesting disposition rather than a purchase signal.
• For retail investors: purchases generally carry more informational weight than routine sales following vesting. This filing documents a conversion of award shares and a partial sale to monetize a portion of that award.