IBEX Ltd (IBEX) officer transfers 200 shares in divorce-related agreement

Rhea-AI Filing Summary

Darwal Michael Joseph reported disposition transactions in this Form 4 filing.

IBEX Ltd reports that Chief AI & Digital Officer Michael Joseph Darwal transferred 200 Common Shares of IBEX on 2026-07-20 at $35.07 per share. A footnote states the shares were moved to a third party under a divorce-related legal agreement and do not represent a discretionary transaction. Darwal now directly holds 40,744 Common Shares.

Insider Trade Summary

Net Seller: 200 shares

Net Sell 1 txn

Insider Darwal Michael Joseph

Role Chief AI & Digital Officer

Type	Security	Shares	Price	Value
Other	Common Shares F1	200	$35.07	$7K

Holdings After Transaction: Common Shares — 40,744 shares (Direct)

Footnotes (1)

1. F1. These Common Shares were transferred to a third party pursuant to a legal agreement related to a divorce dated December 29, 2025. This transfer does not represent a discretionary transaction by the Reporting Person.

Key Figures

Shares transferred: 200 Common Shares Price per share: $35.07 Shares owned after transaction: 40,744 Common Shares +1 more

4 metrics

Shares transferred 200 Common Shares Non-derivative transfer on 2026-07-20 under divorce-related agreement

Price per share $35.07 Per-share value used for the 200 Common Shares transferred

Shares owned after transaction 40,744 Common Shares Direct holdings of Michael Joseph Darwal following the transfer

Restructuring transactions 1 Transaction summary shows one restructuring transaction involving 200 shares

Key Terms

Common Shares, discretionary transaction, Other acquisition or disposition, non-derivative

4 terms

Common Shares financial

"These Common Shares were transferred to a third party pursuant"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

discretionary transaction regulatory

"This transfer does not represent a discretionary transaction by the Reporting"

Other acquisition or disposition regulatory

"transaction_code_description": "Other acquisition or disposition""

non-derivative financial

"transaction_type": "non-derivative""

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 07/22/2026 - 08:31 PM Accepted by SEC EDGAR 07/22/2026 - 08:30 PM Learn about SEC filing dates

FAQ

What insider transaction did IBEX (IBEX) disclose in this Form 4?

IBEX disclosed that Chief AI & Digital Officer Michael Joseph Darwal transferred 200 Common Shares on 2026-07-20 at $35.07 per share. A footnote explains the shares went to a third party under a divorce-related legal agreement, and he now holds 40,744 shares directly.

Who is Michael Joseph Darwal at IBEX (IBEX) and what are his current holdings?

Michael Joseph Darwal is IBEX’s Chief AI & Digital Officer. After transferring 200 Common Shares pursuant to a divorce-related legal agreement, the Form 4 reports that he directly owns 40,744 Common Shares of IBEX Ltd.

Was the IBEX (IBEX) insider share transfer related to a divorce settlement?

Yes. A footnote states the 200 Common Shares were transferred to a third party pursuant to a legal agreement related to a divorce dated December 29, 2025. The note clarifies this transfer does not represent a discretionary transaction by the reporting person.

Does the IBEX (IBEX) filing describe the transaction as discretionary or planned trading?

The filing indicates the transfer “does not represent a discretionary transaction” by the reporting person. The Rule 10b5-1 plan checkbox is not marked, and the footnote ties the movement of 200 shares to a divorce-related legal agreement, not a trading decision.

How is the 200-share movement in IBEX (IBEX) stock classified in the Form 4?

The 200-share movement is coded as transaction type J, described as an “Other acquisition or disposition” of non-derivative Common Shares. In the transaction summary, it is counted as one restructuring transaction involving 200 shares.

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^*

Darwal Michael Joseph

(Last) (First) (Middle)

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 AI & Digital Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

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	07/20/2026		J		200(1)	D	$35.07	40,744	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. These Common Shares were transferred to a third party pursuant to a legal agreement related to a divorce dated December 29, 2025. This transfer does not represent a discretionary transaction by the Reporting Person.

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	07/22/2026
	** 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)