[144] IBEX Limited SEC Filing
Rhea-AI Filing Summary
IBEX Limited reported a proposed sale of 10,000 common shares through RBC Capital Markets with an approximate aggregate market value of $300,013. The filing states the shares represent stock grants acquired on 04/20/2022 from the issuer and that the sale is expected on 08/22/2025 on NASDAQ. The filing shows 13,372,404 shares outstanding, and no other sales by the reporting person in the past three months are reported. The filer also affirms they are not aware of any undisclosed material adverse information and notes the legal warning about intentional misstatements.
Positive
- Full disclosure of the sale quantity, broker, acquisition date, and planned sale date
- Shares acquired as stock grants are identified, clarifying the source of the securities
- Attestation that the seller is not aware of undisclosed material adverse information
Negative
- None.
Insights
TL;DR Insider plans to sell a small block (≈0.075%) of shares; disclosure is routine and non-material.
The filing documents a proposed sale of 10,000 common shares valued at roughly $300,013 via a broker on NASDAQ. Given total outstanding shares of 13,372,404, the position represents about 0.075% of the float, which is immaterial to company valuation. The origin of the shares as a stock grant indicates this is likely a scheduled or opportunistic sale of vested equity rather than a company-financed transfer. The explicit representation regarding absence of undisclosed material information and the use of a broker reflect standard compliance practices.
TL;DR Filing meets Rule 144 disclosure requirements; no red flags regarding timing or disclosures.
This Form 144 provides required particulars: class, broker, quantity, value, acquisition details, and planned sale date. The shares were acquired via a stock grant from the issuer on 04/20/2022, and no recent sales are reported, reducing concerns about repeated insider dispositions. The signer’s attestation about material information and the included broker details align with best practice for transparency. There is no indication of undisclosed arrangements or unusual payment terms.