IBEX Ltd (IBEX) COO earns 2,646 PSUs; shares withheld for tax

Rhea-AI Filing Summary

IBEX Ltd reported that Chief Operating Officer David Martin Afdahl earned and acquired 2,646 performance-based stock units on July 31, 2026, upon certification of performance goals for the period ending June 30, 2026, which converted into Common Shares. On the same date, 1,304 shares were withheld to cover tax obligations at $35.34 per share.

Insider Trade Summary

Net Buyer: 1,342 shares

Net Buy 2 txns

Insider Afdahl David Martin

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares F1	2,646	$0.00	$0.00
Tax Withholding	Common Shares F2, F3	1,304	$35.34	$46K

Holdings After Transaction: Common Shares — 157,506 shares (Direct)

Footnotes (3)

1. F1. On July 31, 2026, 2,646 performance-based stock units ("PSUs") were earned and acquired by the Reporting Person. These PSUs were earned upon certification of performance goals for the period ending June 30, 2026 and converted to Common shares.
2. F2. Represents shares withheld for tax purposes upon vesting of performance stock grant.
3. F3. Closing price of Issuer's Common shares on July 31, 2026.

Key Figures

PSUs earned and converted: 2,646 shares Shares withheld for taxes: 1,304 shares Tax withholding reference price: 35.3400 per share +1 more

4 metrics

PSUs earned and converted 2,646 shares Performance-based stock units earned and converted on July 31, 2026

Shares withheld for taxes 1,304 shares Common Shares withheld for tax purposes upon vesting of performance stock grant

Tax withholding reference price 35.3400 per share Closing price of IBEX Common Shares on July 31, 2026 used for tax withholding

Performance period end date June 30, 2026 End of period for which PSU performance goals were certified

Key Terms

performance-based stock units, PSUs, vesting, closing price

4 terms

performance-based stock units financial

"2,646 performance-based stock units ("PSUs") were earned and acquired"

Performance-based stock units are company promises to deliver shares or cash to employees or executives only if the business hits specific financial or operational goals over a set period. Like a bonus that only pays out when certain milestones are reached, they link pay to company performance and matter to investors because they can dilute the share count, affect reported earnings when they vest, and signal how management is being incentivized.

PSUs financial

"2,646 performance-based stock units ("PSUs") were earned and acquired"

PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.

vesting financial

"shares withheld for tax purposes upon vesting of performance stock grant"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

closing price financial

"Closing price of Issuer's Common shares on July 31, 2026"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 06:41 PM Accepted by SEC EDGAR 08/04/2026 - 06:40 PM Learn about SEC filing dates

FAQ

What insider equity transaction did IBEX (IBEX) report in this filing?

IBEX reported that COO David Martin Afdahl earned and acquired 2,646 performance-based stock units on July 31, 2026, which were converted into Common Shares. The award followed certification of performance goals for the period ending June 30, 2026, and is reported as a grant/award acquisition.

How many IBEX (IBEX) shares were withheld for taxes from the COO’s award?

From the vested award, 1,304 Common Shares were withheld to satisfy tax obligations. The withholding is reported under transaction code F, meaning payment of tax liability by delivering or withholding securities, using the $35.34 closing price on July 31, 2026 as the reference value.

What price per share was used for the IBEX (IBEX) tax withholding transaction?

The tax withholding transaction used $35.34 per share, which the company identifies as the closing price of IBEX Common Shares on July 31, 2026. This price applies to the 1,304 shares withheld for tax purposes in connection with the performance stock grant vesting.

Was the IBEX (IBEX) COO’s transaction made under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed, meaning these transactions were not reported as being made under a Rule 10b5-1 trading plan. They reflect equity compensation vesting and related tax withholding, not open-market purchases or discretionary sales.

What type of equity award did IBEX (IBEX) grant to its COO?

The COO’s award consisted of performance-based stock units (PSUs). On July 31, 2026, 2,646 PSUs were earned upon certification of performance goals for the period ending June 30, 2026, and those PSUs were then converted into Common Shares for the reporting person.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Afdahl David Martin

(Last) (First) (Middle)

C/O IBEX LIMITED

1717 PENNSYLVANIA AVENUE NW, SUITE 825

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/31/2026		A(1)		2,646	A	$0	158,810	D
Common Shares	07/31/2026		F(2)		1,304	D	$35.34(3)	157,506	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On July 31, 2026, 2,646 performance-based stock units ("PSUs") were earned and acquired by the Reporting Person. These PSUs were earned upon certification of performance goals for the period ending June 30, 2026 and converted to Common shares.

2. Represents shares withheld for tax purposes upon vesting of performance stock grant.

3. Closing price of Issuer's Common shares on July 31, 2026.

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	08/04/2026
	** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)