ROYAL GOLD INC

Ticker: RGLD CUSIP: 780287108 Class: COM

Forum Financial Management, LP's Holding History (CIK: 0001911832)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,754 Value ($000) $390 Avg Close $198.37 Range $168.88 - $235.52

Q3 2025

Shares 1,746 Value ($000) $350 Avg Close $172.96 Range $150.75 - $202.38

Q2 2025

Shares 1,677 Value ($000) $298 Avg Close $177.03 Range $151.10 - $191.78

Q1 2025

Shares 1,510 Value ($000) $247 Avg Close $146.68 Range $131.73 - $164.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,754	$390	$198.37	$168.88 - $235.52
Q3 2025	1,746	$350	$172.96	$150.75 - $202.38
Q2 2025	1,677	$298	$177.03	$151.10 - $191.78
Q1 2025	1,510	$247	$146.68	$131.73 - $164.96