Royal Gold President & CEO Sells $568K of Common Stock via Rule 10b5-1 Plan

Insider Transaction Overview

On October 5, 2026, William Holmes Heissenbuttel, President and CEO as well as a Director of Royal Gold Inc ($RGLD), sold an aggregate of 2,425 shares of common stock at a volume-weighted average price of approximately $234.39 per share, generating gross proceeds of $568,407.97.

Transaction Details

The open-market sales were conducted in multiple transactions:

• 120 shares at a weighted average price of $230.22 (range: $230.18 - $230.41)
• 160 shares at a weighted average price of $231.62 (range: $231.39 - $231.79)
• 280 shares at a weighted average price of $233.10 (range: $232.72 - $233.70)
• 841 shares at a weighted average price of $234.17 (range: $233.72 - $234.68)
• 983 shares at a weighted average price of $235.05 (range: $234.72 - $235.47)
• 41 shares at a weighted average price of $235.84 (range: $235.84 - $235.98)

Context and Significance

• 10b5-1 Plan: The transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted on June 4, 2026, indicating the sales were scheduled ahead of time and not based on non-public material information.
• Ownership Impact: Following these dispositions, Mr. Heissenbuttel continues to hold 59,166 shares directly and 55,931 shares indirectly through a trust, totaling 115,097 shares. The 2,425 shares sold represent approximately 2.06% of his overall holdings.
• Significance Level: Assessed as Low due to the pre-scheduled nature under Rule 10b5-1 and the modest fraction of the insider's total equity position disposed of.