A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 6 filings in this group are Form 4s for Royal Gold, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 6 insider filings shown, the breakdown is 4 open-market sale, 1 gift and 1 tax withholding. 4 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market sale
Insider Selling
2026-10-06
RGLD insider Heissenbuttel William Holmes (Director, President & CEO) sold 2,425 shares (~$567.6K)
Heissenbuttel William Holmes, listed as Director, President & CEO at ROYAL GOLD INC, reported an open-market sale of 2,425 RGLD shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
120 |
$230.22 |
$27.6K |
S |
Open-market sale
|
160 |
$231.62 |
$37.1K |
S |
Open-market sale
|
280 |
$233.10 |
$65.3K |
S |
Open-market sale
|
841 |
$234.17 |
$196.9K |
S |
Open-market sale
|
983 |
$235.05 |
$231.1K |
S |
Open-market sale
|
41 |
$235.84 |
$9.7K |
Filing: Form 4 (Insider Transaction)
Insider: Heissenbuttel William Holmes (Director, President & CEO)
Shares: 2,425
Est. Value: $567.6K
Form 4
Tax withholding
Tax / Compensation Filing
2026-09-15
RGLD insider Form 4 filed for equity award, exercise, or tax withholding
Raffield Martin (SVP, Operations) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
27 |
$248.34 |
$6.7K |
Filing: Form 4 (Insider Transaction)
Insider: Raffield Martin (SVP, Operations)
Shares: 27
Form 4
Gift
Tax / Compensation Filing
2026-09-11
RGLD insider Form 4 filed for equity award, exercise, or tax withholding
Raffield Martin (SVP, Operations) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were transferred as a gift, typically for estate or charitable planning. No sale into the market took place.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
G |
Gift
|
40 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Raffield Martin (SVP, Operations)
Shares: 40
Form 4
Open-market sale
Insider Selling
2026-09-08
RGLD insider Heissenbuttel William Holmes (Director, President & CEO) sold 7,275 shares (~$1.92M)
Heissenbuttel William Holmes, listed as Director, President & CEO at ROYAL GOLD INC, reported an open-market sale of 7,275 RGLD shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
57 |
$259.98 |
$14.8K |
S |
Open-market sale
|
1,608 |
$261.31 |
$420.2K |
S |
Open-market sale
|
877 |
$262.31 |
$230.0K |
S |
Open-market sale
|
1,173 |
$263.53 |
$309.1K |
S |
Open-market sale
|
3,560 |
$264.59 |
$941.9K |
Filing: Form 4 (Insider Transaction)
Insider: Heissenbuttel William Holmes (Director, President & CEO)
Shares: 7,275
Est. Value: $1.92M
Form 4
Open-market sale
Insider Selling
2026-08-28
RGLD insider Shefman Randy (SVP & General Counsel) sold 500 shares (~$131.4K)
Shefman Randy, listed as SVP & General Counsel at ROYAL GOLD INC, reported an open-market sale of 500 RGLD shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
500 |
$262.80 |
$131.4K |
Filing: Form 4 (Insider Transaction)
Insider: Shefman Randy (SVP & General Counsel)
Shares: 500
Est. Value: $131.4K
Form 4
Open-market sale
Insider Selling
2026-06-16
RGLD insider Shefman Randy (SVP & General Counsel) sold 500 shares (~$107.9K)
Shefman Randy, listed as SVP & General Counsel at ROYAL GOLD INC, reported an open-market sale of 500 RGLD shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
500 |
$215.85 |
$107.9K |
Filing: Form 4 (Insider Transaction)
Insider: Shefman Randy (SVP & General Counsel)
Shares: 500
Est. Value: $107.9K