[Form 4] IBEX Ltd Insider Trading Activity

Rhea-AI Filing Summary

Insider sale by IBEX Ltd CFO to satisfy tax withholding from RSU vesting. Taylor C. Greenwald, listed as Chief Financial Officer, reported a sale of 438 common shares on 08/26/2025 at a price of $29.13 per share. The filing states the shares were sold to cover tax withholding obligations related to the vesting of restricted stock units and were not discretionary trades. After the transaction, the reporting person beneficially owned 35,856 shares, held directly. The Form 4 was signed by an attorney-in-fact, Lisa Lenstrohm, on 09/15/2025.

Positive

• Transaction disclosed as non-discretionary, explicitly for tax withholding on RSU vesting
• Post-transaction beneficial ownership provided: 35,856 shares held directly

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine tax-related sale by CFO; no material change to ownership stake.

The reported sale of 438 shares at $29.13 to satisfy tax withholding on vested RSUs is a common, non-discretionary insider transaction and does not indicate a change in company fundamentals. The post-transaction direct ownership of 35,856 shares remains substantial for an individual officer but the sale amount (approximately $12,754) is immaterial to the company’s market capitalization. No additional transactions or derivative activity are reported.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; transaction explained as non-discretionary.

The Form 4 properly discloses the relationship (Officer, CFO) and lists the sale as S(1) for tax-withholding on RSU vesting, which aligns with standard governance practices for equity compensation. The filing includes an attorney-in-fact signature, indicating executed representation. There are no red flags such as undisclosed derivative exercises, unusual timing, or material dispositions that would raise governance concerns.

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

1. Name and Address of Reporting Person^*

Greenwald Taylor C

(Last) (First) (Middle)

C/O IBEX LIMITED

1717 PENNSYLVANIA AVENUE NW, SUITE 825

(Street)

WASHINGTON DC 20006

(City) (State) (Zip)

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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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

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 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	08/26/2025		S(1)		438	D	$29.13	35,856	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. The sales reported on this Form 4 represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units and do not represent discretionary trades by the Reporting Person.

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	09/15/2025
	** 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.

FAQ

What did IBEX (IBEX) insider Taylor C. Greenwald sell?

The insider sold 438 common shares on 08/26/2025 at $29.13 per share to cover tax withholding from vested RSUs.

Was the sale by the IBEX CFO a discretionary trade?

No. The Form 4 states the sale was required to satisfy tax withholding obligations related to vested restricted stock units and was not a discretionary trade.

How many IBEX shares does the reporting person own after the sale?

After the reported transaction, the reporting person beneficially owned 35,856 shares held directly.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by attorney-in-fact Lisa Lenstrohm on 09/15/2025.

Does the filing show any derivative transactions for IBEX insider?

No. Table II for derivative securities contains no reported transactions or holdings.