Royal Gold CEO Executes $1.92M Stock Sale via 10b5-1 Plan

Executive Summary

On September 3, 2026, William Holmes Heissenbuttel, President, CEO, and Director of Royal Gold Inc ($RGLD), sold 7,275 shares of common stock for an aggregate transaction value of approximately $1.92 million. Following these transactions, Heissenbuttel retains direct beneficial ownership of 117,522 shares.

Transaction Breakdown

The sales were executed in five weighted-average price tranches:

• 57 shares at $259.98 (range: $259.69 – $260.68)
• 1,608 shares at $261.31 (range: $260.72 – $261.61)
• 877 shares at $262.31 (range: $261.91 – $262.72)
• 1,173 shares at $263.53 (range: $263.02 – $264.01)
• 3,560 shares at $264.59 (range: $264.02 – $264.89)

Plan & Governance Context

• 10b5-1 Trading Plan: All sales were executed under a pre-established Rule 10b5-1 trading plan adopted on June 4, 2026.
• Ownership Impact: The sale reduced the CEO's direct holdings by approximately 5.8%, leaving a substantial holding of 117,522 direct shares.