IBEX Ltd grants Michael Joseph Darwal 7,000 stock units

The award vests in annual 25% installments over four years beginning September 30, 2027, subject to continuous service.

Available on EDGAR 11/03/2026 - 06:12 PM EST Accepted by SEC EDGAR 11/03/2026 - 06:12 PM EST

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Form Type

Rhea-AI Filing Summary

IBEX Ltd Chief AI & Digital Officer Michael Joseph Darwal received a direct award of 7,000 restricted stock units on October 30, 2026. Each unit represents a contingent right to receive one common share. Twenty-five percent vest annually over four years beginning September 30, 2027, provided he remains in continuous service on each vesting date. The reported total following the award was 48,277 shares. Unless otherwise provided, shares are automatically withheld on each vesting date for tax obligations.

Insider Trade Summary

Grant/Award: 7,000 shares

Grant/Award 1 txn

Insider Darwal Michael Joseph

Role Chief AI & Digital Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares ^F1	7,000	$0.00	$0.00

Holdings After Transaction: Common Shares — 48,277 shares (Direct)

Holdings Before and After: Common Shares, 41,277 to 48,277 shares (Direct)

Footnotes (1)

F1. The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Issuer's Common Stock for each RSU. 25% of the granted RSUs shall vest annually over four years, commencing on September 30, 2027, provided that the Reporting Person remains in continuous service on each vesting date. Unless otherwise provided, on each vesting date, Issuer will automatically withhold shares to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.

Key Figures

Restricted stock units granted: 7,000 RSUs Reported total following award: 48,277 shares Annual vesting portion: 25%

3 metrics

Restricted stock units granted 7,000 RSUs October 30, 2026

Reported total following award 48,277 shares After the October 30, 2026 award

Annual vesting portion 25% Vests annually over four years, beginning September 30, 2027, subject to continuous service

Key Terms

restricted stock units, vest, non-discretionary transaction

3 terms

restricted stock units financial

"granted restricted stock units ("RSUs")"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"25% of the granted RSUs shall vest annually over four years"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

non-discretionary transaction technical

"automatically withhold shares to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did IBEX's Chief AI & Digital Officer receive?

Michael Joseph Darwal, IBEX's Chief AI & Digital Officer, was granted 7,000 restricted stock units on October 30, 2026. Each RSU represents a contingent right to receive one share of IBEX common stock.

How do IBEX's RSUs vest, and what happens to shares for tax withholding?

Twenty-five percent of the granted RSUs vest annually over four years, beginning September 30, 2027, provided Michael Joseph Darwal remains in continuous service on each vesting date. Unless otherwise provided, IBEX automatically withholds shares on each vesting date in a non-discretionary transaction to satisfy tax withholding obligations.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
10/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	10/30/2026		A		7,000⁽¹⁾	A	$0⁽¹⁾	48,277	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Issuer's Common Stock for each RSU. 25% of the granted RSUs shall vest annually over four years, commencing on September 30, 2027, provided that the Reporting Person remains in continuous service on each vesting date. Unless otherwise provided, on each vesting date, Issuer will automatically withhold shares to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	11/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR