IBEX (IBEX) Chief AI & Digital Officer updates insider share and RSU holdings

Rhea-AI Filing Summary

IBEX Ltd’s Chief AI & Digital Officer has updated her reported shareholdings. The officer now reports direct beneficial ownership of 6,696 common shares. This amended filing corrects the prior holdings disclosure and explains how past equity awards and related tax share sales affect the total.

The explanation notes a November 8, 2024 grant of 3,521 restricted stock units, with 25% vesting on July 1, 2025 and annually thereafter. When the July 1, 2025 portion vested, 315 shares were sold for tax purposes, leaving 565 fully vested shares from this grant.

The filing also describes 490 fully vested performance stock units and a separate grant of 3,000 restricted stock units that vest 25% on September 16, 2026 and annually thereafter. Overall, the document primarily clarifies the structure and status of this executive’s equity-based compensation and current direct share ownership.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Darwal Michael Joseph

(Last) (First) (Middle)

1717 PENNSYLVANIA AVENUE NW

SUITE 825

(Street)

WASHINGTON DC 20006

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
IBEX Ltd [ IBEX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief AI & Digital Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)
01/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	6,696(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. To correct the holdings reported on the Reporting Person's original Form 3. The November 8, 2024 grant for 3,521 restricted stock units, with 25% vesting on July 1, 2025 and annually thereafter. Upon the July 1, 2025 vesting, 315 shares were sold for tax purposes; leaving 565 fully vested shares from this grant. The remaining shares are 490 fully vested performance stock units; 3,000 restricted stock units, with 25% vesting on September 16, 2026 and annually thereafter.

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	01/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What does the IBEX (IBEX) Form 3/A filing disclose about insider holdings?

The Form 3/A shows IBEX’s Chief AI & Digital Officer directly beneficially owns 6,696 common shares. It also clarifies the composition of her equity awards, including restricted stock units, performance stock units, and related tax share sales tied to past vesting events.

Who is the reporting person in the IBEX (IBEX) Form 3/A filing?

The reporting person is IBEX Ltd’s Chief AI & Digital Officer. The filing updates her initial beneficial ownership report, detailing directly held common shares and explaining how various restricted and performance stock unit grants contribute to her overall equity position in the company.

How many IBEX (IBEX) common shares does the officer now report owning?

The officer reports beneficial ownership of 6,696 IBEX common shares, held directly. This figure reflects corrections to the original filing and incorporates the effects of vested restricted stock units, performance stock units, and shares sold to cover tax obligations at vesting.

What is the November 8, 2024 equity grant mentioned in the IBEX (IBEX) filing?

On November 8, 2024 the officer received 3,521 restricted stock units, vesting 25% on July 1, 2025 and annually thereafter. When the July 1, 2025 tranche vested, 315 shares were sold for tax purposes, leaving 565 fully vested shares from this specific grant.

What additional equity awards are described in the IBEX (IBEX) Form 3/A?

The filing describes 490 fully vested performance stock units and 3,000 restricted stock units. The 3,000 restricted stock units are scheduled to vest 25% on September 16, 2026 and annually thereafter, outlining a multi-year vesting schedule for this portion of the officer’s compensation.

Why were 315 IBEX (IBEX) shares sold according to the Form 3/A?

The document explains that upon the July 1, 2025 vesting of the November 8, 2024 restricted stock unit grant, 315 shares were sold for tax purposes. This sale helped satisfy tax obligations triggered by vesting, leaving 565 fully vested shares from that particular grant.